New Issue: Citigroup prices $4.15 million securities linked to basket of 30 stocks

By Marisa Wong

Morgantown, W.Va., Dec. 29 – Citigroup Global Markets Holdings Inc. priced $4.15 million of 0% securities due Dec. 24, 2020 linked to a basket of 30 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The equally weighted basket consists of the stocks of Westlake Chemical Corp., Martin Marietta Materials, Inc., Summit Materials, Inc., Oshkosh Corp., Manitowoc Co., Inc., Hubbell Inc., BWX Technologies, Inc., Granite Construction Inc., Aecom, Fastenal Co., W.W. Grainger, Inc., HD Supply Holdings, Inc., United Rentals, Inc., Quanta Services, Inc., Fluor Corp., Kirby Corp., Reliance Steel & Aluminum Co., USG Corp., Compass Minerals International, Inc., Norfolk Southern Corp., CSX Corp., Union Pacific Corp., PPG Industries, Inc., Axalta Coating Systems Ltd., Nucor Corp., Steel Dynamics, Inc., J.B. Hunt Transport Services, Inc., Old Dominion Freight Line, Inc., Republic Services, Inc. and Covanta Holding Corp.

If the final basket level is greater than or equal to the initial basket level, the payout at maturity will be par plus 130% of the basket return, subject to a maximum return of 40%. If the basket declines by 10% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the basket declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Securities
Underlying stocks:	Westlake Chemical Corp. (NYSE: WLK), Martin Marietta Materials, Inc. (NYSE: MLM), Summit Materials, Inc. (NYSE: SUM), Oshkosh Corp. (NYSE: OSK), Manitowoc Co., Inc. (NYSE: MTW), Hubbell Inc. (NYSE: HUBB), BWX Technologies, Inc. (NYSE: BWXT), Granite Construction Inc. (NYSE: GVA), Aecom (NYSE: ACM), Fastenal Co. (Nasdaq: FAST), W.W. Grainger, Inc. (NYSE: GWW), HD Supply Holdings, Inc. (Nasdaq: HDS), United Rentals, Inc. (NYSE: URI), Quanta Services, Inc. (NYSE: PWR), Fluor Corp. (NYSE: FLR), Kirby Corp. (NYSE: KEX), Reliance Steel & Aluminum Co. (NYSE: RS), USG Corp. (NYSE: USG), Compass Minerals International, Inc. (NYSE: CMP), Norfolk Southern Corp. (NYSE: NSC), CSX Corp. (Nasdaq: CSX), Union Pacific Corp. (NYSE: UNP), PPG Industries, Inc. (NYSE: PPG), Axalta Coating Systems Ltd. (NYSE: AXTA), Nucor Corp. (NYSE: NUE), Steel Dynamics, Inc. (Nasdaq: STLD), J.B. Hunt Transport Services, Inc. (Nasdaq: JBHT), Old Dominion Freight Line, Inc. (Nasdaq: ODFL), Republic Services, Inc. (NYSE: RSG), Covanta Holding Corp. (NYSE: CVA)
Amount:	$4,145,000
Maturity:	Dec. 24, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the final basket level is greater than or equal to the initial basket level, par plus 130% of the basket return, subject to a maximum return of 40%; if the basket declines by 10% or less, par; otherwise, 1% loss for every 1% that the basket declines beyond 10%
Initial prices:	$57.47 for Westlake, $225.45 for Martin Marietta, $24.45 for Summit, $66.57 for Oshkosh, $6.09 for Manitowoc, $117.84 for Hubbell, $39.15 for BWX, $56.80 for Granite, $37.76 for Aecom, $48.14 for Fastenal, $238.29 for Grainger, $43.38 for HD Supply, $108.48 for United Rentals, $35.03 for Quanta, $54.16 for Fluor, $67.95 for Kirby, $83.01 for Reliance, $30.31 for USG, $81.50 for Compass, $108.05 for Norfolk, $36.50 for CSX, $104.65 for Union Pacific, $95.87 for PPG, $27.27 for Axalta, $62.14 for Nucor, $37.27 for Steel Dynamics, $97.01 for J.B. Hunt, $87.58 for Old Dominion, $57.29 for Republic, $15.45 for Covanta
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Underwriter:	Citigroup Global Markets Inc.
Fees:	4.3%
Cusip:	17324CDG8

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