New Issue: Citigroup prices $4.91 million buffered notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 26 – Citigroup Global Markets Holdings Inc. priced $4.91 million of 0% buffered index-linked notes due Feb. 4, 2022 tied 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 index closes above its initial level, the payout at maturity will be par plus 1.6 times the gain, up to a maximum payout of $1,223.04 per $1,000 of notes.

If the index finishes flat or falls by up to 15%, investors will receive par. Investors will lose 1.1765% for every 1% decline beyond 15% of its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500
Amount:	$4,906,000
Maturity:	Feb. 4, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes above initial level, par plus 1.6 times gain, up to maximum settlement amount of $1,223.04 per $1,000 of notes; if index finishes flat or falls by up to 15%, par; 1.1765% loss for every 1% decline beyond 15%
Initial index level:	3,103.54
Buffer level:	85% of initial level
Pricing date:	Nov. 15
Settlement date:	Nov. 22
Agent:	Citigroup Global Markets Inc.
Fees:	0%
Cusip:	17327TJR8

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