New Issue: Citigroup sells $20,000 buffer securities linked to Russell 2000 index

By Wendy Van Sickle

Columbus, Ohio, Sept. 5 – Citigroup Global Markets Holdings Inc. priced $20,000 of 0% buffer securities due Dec. 3, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 200% of any index gain, up to a maximum payout of par plus 9.5%.

Investors will receive par if the index falls by up to 10% and will lose 1% per 1% drop beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	Russell 2000
Amount:	$20,000
Maturity:	Dec. 3, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, up to a maximum payout of par plus 9.5%; par if the index falls by up to 10%; 1% loss per 1% drop beyond 10%
Initial index level:	1,494.839
Buffer level:	1,345.3551, 90% of initial level
Pricing date:	Aug. 30
Settlement date:	Sept. 5
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.9%
Cusip:	17327TFE1

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