New Issue: Citigroup prices $969,000 annual reset coupon securities linked to Russell 2000

By Toni Weeks

San Luis Obispo, Calif., May 29 – Citigroup Inc. priced $969,000 of annual reset coupon securities due June 1, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable annually and will equal 5% if the applicable annual index return is zero or positive. Otherwise, the coupon will be 3%. The index's return will be measured from its level a year earlier.

The payout at maturity will be par unless the final index level is less than 85% of the initial index level, in which case investors will lose 1% for every 1% that the index declines beyond 15%.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Inc.
Issue:	Annual reset coupon securities
Underlying index:	Russell 2000
Amount:	$969,000
Maturity:	June 1, 2021
Coupon:	5% if year-over-year index return is positive or zero; otherwise, 3%; payable annually
Price:	Par
Payout at maturity:	Par if final index level is at least 85% of initial level; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial index level:	1,254.357
Buffer level:	1,066.203, 85% of initial level
Pricing date:	May 27
Settlement date:	May 29
Agent:	Citigroup Global Markets Inc.
Fees:	3.45%
Cusip:	17298CAM0

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