New Issue: Citigroup sells $1.5 million buffer securities tied to Russell, S&P

By Sarah Lizee

Olympia, Wash., March 30 – Citigroup Global Markets Holdings Inc. priced $1.5 million of 0% buffer securities due March 25, 2025 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 224% of any gain of the lesser performing index.

Investors will receive par if the lesser performing index falls by up to the buffer amount of 10% and will lose 1% for every 1% that the laggard index declines beyond the buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying indexes:	Russell 2000, S&P 500
Amount:	$1.5 million
Maturity:	March 25, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 224% of any gain of the laggard index; par if the lesser performing index falls by up to buffer level; 1% loss for every 1% decline of laggard index beyond buffer
Initial levels:	1,058.750 for Russell, 2,409.39 for S&P
Buffer levels:	952.875 for Russell, 2,168.451 for S&P; 90% of initial levels
Pricing date:	March 20
Settlement date:	March 25
Agent:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17328VFN5

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