New Issue: Citi prices $10.9 million contingent income callable securities on S&P, Russell, Stoxx

By William Gullotti

Buffalo, N.Y., Oct. 17 – Citigroup Global Markets Holdings Inc. priced $10.9 million of contingent income callable securities due Sept. 19, 2024 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a contingent quarterly coupon at the rate of 11.75% per year if each index closes at or above its coupon barrier level, 70% of its initial level, on every trading day during the observation period.

The notes may be called at par plus any coupon otherwise on any quarterly determination date.

The payout at maturity will be par plus any final coupon otherwise due unless any index finishes below its downside threshold level, 70% of its initial level, in which case investors will lose 1% for every 1% that the least-performing index declines from its initial level.

Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management as the selected dealer.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Contingent income callable securities
Underlying indexes:	Euro Stoxx 50 index, Russell 2000 index, S&P 500 index
Amount:	$10.9 million
Maturity:	Sept. 19, 2024
Coupon:	11.75% per year, payable quarterly if each index closes at or above coupon barrier level on every trading day during the observation period
Price:	Par
Payout at maturity:	Par plus any final coupon otherwise due unless any index finishes below downside threshold level, in which case 1% loss for every 1% that least-performing index declines from initial level
Call option:	At par plus any coupon otherwise due on any quarterly determination date
Initial levels:	3,873.33 for S&P, 3,500.41 for Stoxx, 1,798.189 for Russell
Coupon barriers:	2,711.331 for S&P, 2,450.287 for Stoxx, 1,258.732 for Russell; 70% of initial levels
Downside thresholds:	2,711.331 for S&P, 2,450.287 for Stoxx, 1,258.732 for Russell; 70% of initial levels
Pricing date:	Sept. 16
Settlement date:	Sept. 21
Underwriter:	Citigroup Global Markets Inc.
Dealer:	Morgan Stanley Wealth Management
Fees:	2%
Cusip:	17330RKB0

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