New Issue: Citigroup sells $260,000 barrier securities tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Sept. 7 – Citigroup Global Markets Holdings Inc. priced $260,000 of 0% barrier securities due Aug. 31, 2023 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 325% of the gain of the worse performing asset up to a maximum of par plus 50%.

If either asset falls by up to 40%, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the lesser performing index.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$260,000
Maturity:	Aug. 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 325% of return of worse performing asset up to a maximum of par plus 50%; if either asset falls by up to 40%, par; otherwise, 1% loss per 1% drop of lesser performing asset
Initial levels:	2,897.52 for S&P, 1,728.422 for Russell
Barrier levels:	1,738.512 for S&P, 1,037.053 for Russell, 60% of initial levels
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Underwriter:	Citigroup Global Markets Inc.
Fees:	4.125%
Cusip:	17324CYF7

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