New Issue: Citi prices $49.96 million trigger callable contingent yield notes on Nasdaq, Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Nov. 17 – Citigroup Global Markets Holdings Inc. priced $49.96 million of trigger callable contingent yield notes with daily coupon observation due May 15, 2024 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 9.12% if each index closes at or above its coupon barrier level, 70% of its initial level, on each trading day during that quarter.

The notes will be callable at par of $10 plus any coupon on any quarterly observation date other than the final one.

If the notes are not called and each index finishes at or above its downside threshold level, 65% of its initial level, the payout at maturity will be par plus any coupon. Otherwise, investors will lose 1% for every 1% decline of the least-performing index.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter, and UBS Financial Services Inc. is the selling agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Trigger callable contingent yield notes with daily coupon observation
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:	$49,957,700
Maturity:	May 15, 2024
Coupon:	9.12% per year, payable quarterly if each index closes at or above its coupon barrier level on each trading day during that quarter
Price:	Par of $10
Payout at maturity:	Par plus any coupon unless any index finishes below downside threshold level, in which case 1% loss for every 1% decline of worst performing index
Call option:	At par plus any coupon on any quarterly observation date other than final one
Initial levels:	4,646.71 for S&P, 2,228.358 for Russell, 15,985.57 for Nasdaq
Coupon barrier levels:	3,252.7 for S&P, 1,672.707 for Russell, 11,189.9 for Nasdaq; 70% of initial levels
Knock-in levels:	3,020.36 for S&P, 1,553.228 for Russell, 10,390.62 for Nasdaq; 65% of initial levels
Pricing date:	Nov. 10
Settlement date:	Nov. 16
Underwriter:	Citigroup Global Markets Inc. with UBS Financial Services Inc. as selling agent
Fees:	1%
Cusip:	17329T716

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