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Published on 2/11/2019 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $5 million trigger yield notes tied to three indexes

By Marisa Wong

Morgantown, W.Va., Feb. 11 – Citigroup Global Markets Holdings Inc. priced $5 million of 6.75% trigger yield notes due Feb. 10, 2022 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Interest is payable quarterly.

If each index finishes at or above its 75% downside threshold, the payout at maturity will be par.

Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.

UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Trigger yield notes
Underlying indexes:S&P 500, Russell 2000 and Euro Stoxx 50
Amount:$5 million
Maturity:Feb. 10, 2022
Coupon:6.75%, payable quarterly
Price:Par of $10
Payout at maturity:If each index finishes at or above downside threshold, par; otherwise, 1% loss for every 1% that least-performing index’s final level is below initial level
Initial levels:2,706.05 for S&P, 1,505.625 for Russell and 3,150.76 for Stoxx
Downside thresholds:2,029.538 for S&P, 1,129.219 for Russell and 2,363.070 for Stoxx; 75% of initial levels
Pricing date:Feb. 7
Settlement date:Feb. 12
Agents:UBS Financial Services Inc. and Citigroup Global Markets Inc.
Fees:1%
Cusip:17326W431

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