New Issue: Citigroup sells $51,000 buffer securities tied to S&P, Gold Trust

By Kiku Steinfeld

Chicago, July 6 – Citigroup Global Markets Holdings Inc. priced $51,000 of 0% buffer securities due June 29, 2023 linked to the lesser performing of the S&P 500 index and the SPDR Gold Trust, 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 120% of any gain of the lesser performing asset.

Investors will receive par if the lesser performing asset falls by up to the buffer amount of 25% and will lose 1% for every 1% that the laggard asset declines beyond the buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying assets:	S&P 500 index and SPDR Gold Trust
Amount:	$51,000
Maturity:	June 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120% of any gain of the laggard asset; par if the lesser performing asset falls by up to buffer level; 1% loss for every 1% decline of laggard asset beyond buffer
Initial levels:	$165.80 for ETF, 3,083.76 for index
Buffer levels:	$124.35 for ETF, 2,312.82 for index; 75% of initial levels
Pricing date:	June 25
Settlement date:	June 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.275%
Cusip:	17328VQ86

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