New Issue: Citigroup sells $6.9 million buffered digital index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., June 24 – Citigroup Global Markets Holdings Inc. priced $6.9 million of 0% buffered digital index-linked notes due Feb. 7, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the index return is greater than or equal to negative 12.5%, the payout at maturity will be $1,100 per each $1,000 note. Otherwise, investors will lose 1.1429% for each 1% decline beyond the buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered digital index-linked notes
Underlying index:	S&P 500
Amount:	$6,896,000
Maturity:	Feb. 7, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 12.5%, $1,100 per each $1,000 note; otherwise, 1.1429% loss for every 1% decline in index beyond 12.5%
Initial index level:	4,188.43
Buffer level:	87.5% of initial level
Pricing date:	May 10
Settlement date:	May 17
Underwriters:	Citigroup Global Markets Inc.
Fees:	None
Cusip:	17329FF90

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