New Issue: Citigroup sells $1.13 million buffer securities linked to Dow, S&P

By Taylor Fox

New York, Oct. 16 – Citigroup Global Markets Holdings Inc. priced $1.13 million of 0% buffer securities due Sept. 19, 2025 linked to the S&P 500 index and the Dow Jones industrial average, 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 any positive return of the worst performer.

If the worst-performing index falls, but not more than 15%, the payout will be par.

Investors will be exposed to the decline of the worst performer beyond the 15% buffer.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$1,130,000
Maturity:	Sept. 19, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any positive return of worst performer; par if worst performer falls by up to 15%; exposure to any losses of worst performing index beyond 15% buffer
Initial levels:	28,032.38 for Dow, 3,385.49 for S&P
Buffer levels:	23,827.523 for Dow, 3,385.49 for S&P, 85% of initial levels
Pricing date:	Sept. 16
Settlement date:	Sept. 21
Agent:	Citigroup Global Markets Inc.
Fees:	3.1%
Cusip:	17328WKZ0

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