New Issue: Citi prices $10.13 million capped contingent upside participation market-linked notes on S&P

By Wendy Van Sickle

Columbus, Ohio, Dec. 22 – Citigroup Global Markets Holdings Inc. priced $10.13 million of 0% market-linked securities — upside participation to a cap with contingent absolute return and fixed percentage buffered downside due June 21, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus the index return up to 17%. If the index falls by up to 15%, investors will receive par plus the absolute value of the return of the index. Otherwise, investors will be exposed to losses beyond 15%.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. and Wells Fargo Securities are the agents.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Market-linked securities — upside participation to a cap with contingent absolute return and fixed percentage buffered downside
Underlying index:	S&P 500 index
Amount:	$10.13 million
Maturity:	June 21, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above its initial level, par plus return up to 17%; if index falls by up to 15%, par plus absolute value of index return; exposure to losses beyond 15%
Initial level:	3,852.36
Buffer level:	3,274.506, 85% of initial level
Pricing date:	Dec. 16
Settlement date:	Dec. 21
Agents:	Citigroup Global Markets Inc. and Wells Fargo Securities
Fees:	2.17%
Cusip:	17330YW97

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