New Issue: Citigroup sells $386,000 buffer securities linked to S&P, Russell

By Kiku Steinfeld

Chicago, May 31 – Citigroup Global Markets Holdings Inc. priced $386,000 of 0% buffer securities due Nov. 2, 2023 linked to 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 payout at maturity will be par plus 1.5 times any positive return of the laggard index, capped at 25%.

If the laggard index falls by up to 10%, the payout will be par. Investors will be exposed to declines in the laggard index beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	Russell 2000 index, S&P 500 index
Amount:	$386,000
Maturity:	Nov. 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any positive return of laggard index, capped at 25%; par if laggard index falls by up to 10%; lose 1% for every 1% decline of laggard index beyond 10%
Initial levels:	4,605.38 for S&P, 2,297.191 for Russell
Buffer levels:	4,144.842 for S&P, 2,067.472 for Russell; 90% of initial levels
Pricing date:	Oct. 29, 2021
Settlement date:	Nov. 3, 2021
Underwriter:	Citigroup Global Market
Fees:	1%
Cusip:	17329QZ29

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