New Issue: Citi prices $2.91 million buffer securities tied to S&P 500

By William Gullotti

Buffalo, N.Y., May 10 – Citigroup Global Markets Holdings Inc. priced $2.91 million 0% buffer securities due April 25, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final index level is greater than the initial index level, investors will receive par plus the return of the index, capped at par plus 7.9%.

If the final index level is above the 85% buffer level, the payout will be par. Investors will lose 1% for every 1% that the index declines beyond the 15% buffer.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	S&P 500
Amount:	$2,906,000
Maturity:	April 25, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus return of index, capped at par plus 7.9%; par if index finishes at or above buffer level; otherwise, 1% loss for every 1% drop beyond 15% buffer
Initial level:	4,163.26
Buffer level:	3,538.771, 85% of initial level
Pricing date:	April 19
Settlement date:	April 22
Agent:	Citigroup Global Markets Inc.
Fees:	0.25%
Cusip:	17329F7D0

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