New Issue: Citigroup prices $1.2 million buffer notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 8 – Citigroup Global Markets Holdings Inc. priced $1.2 million of 0% buffer securities due Dec. 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 19%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The note are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	S&P 500
Amount:	$1,204,000
Maturity:	Dec. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 200% of index return, subject to 19% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	2,917.38
Final buffer value:	2,625.642, or 90% of initial level
Pricing date:	June 25
Settlement date:	June 28
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.75%
Cusip:	17326YN85

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