New Issue: Citigroup prices $2.63 million buffered digital notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., July 21 – Citigroup Inc. priced $2.63 million of 0% buffered digital securities due July 22, 2020 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst-performing index finishes at or above its initial level, the payout at maturity will be par plus the greater of the return of that index and 63%. If the worst-performing index falls by up to 10%, the payout will be par. If it falls by more than 10%, investors will lose 1% for each 1% loss beyond the 10% buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Buffered digital securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$2,632,000
Maturity:	July 22, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If worst-performing index finishes at or above initial level, par plus greater of return of that index and 63%; if worst-performing index falls by up to 10%, par; if worst-performing index falls by more than 10%, 1% loss for each 1% loss beyond 10%
Initial index levels:	2,126.64 for S&P 500 and 1,267.092 for Russel 2000
Pricing date:	July 17
Settlement date:	July 22
Underwriter:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17298CCW6

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