New Issue: Citi prices $466,000 3%-4% annual reset coupon notes tied to Russell

By Wendy Van Sickle

Columbus, Ohio, June 5 – Citigroup Global Markets Holdings Inc. priced $466,000 of annual reset coupon securities due May 31, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Interest is payable annually. If the index return is at least zero, the coupon for that year will be 4%. Otherwise, the coupon will be 3%.

The payout at maturity will be par unless the index falls by more than 15%, in which case investors will lose 1% for each 1% decline beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Annual reset coupon securities
Underlying index:	Russell 2000
Amount:	$466,000
Maturity:	May 31, 2022
Coupon:	If index gains, 4%; if index falls, 3%; payable annually
Price:	Par
Payout at maturity:	Par unless index falls by more than 15%, in which case 1% loss for each 1% decline beyond 15%
Initial level:	1,383.388
Buffer level:	1,175.880, 85% of initial level
Pricing date:	May 25
Settlement date:	May 31
Underwriter:	Citigroup Global Markets Inc.
Fees:	3.75%
Cusip:	17324CJA5

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