New Issue: Citigroup sells $686,000 securities with buffered downside on S&P 500

By Kiku Steinfeld

Chicago, June 7 – Citigroup Global Markets Holdings Inc. priced $686,000 of 0% market-linked securities with upside participation to a cap and fixed-percentage buffered downside due May 12, 2025 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.

The payout at maturity will be par plus any index gain up to a maximum payout of par plus 24%. If the index falls by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Citigroup Global Markets Inc. is the underwriter with Wells Fargo Securities, LLC acting as the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Market-linked securities with upside participation to a cap and fixed-percentage buffered downside
Underlying index:	S&P 500 index
Amount:	$686,000
Maturity:	May 12, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 24%; if the index falls by up to 15%, par; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial index level:	4,232.60
Buffer level:	3,597.71, 85% of initial level
Pricing date:	May 7
Settlement date:	May 12
Underwriter:	Citigroup Global Markets Inc. with Wells Fargo Securities, LLC as agent
Fees:	3.3%
Cusip:	17329FFD1

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