New Issue: Citigroup sells $505,000 buffer securities on stock basket

By Kiku Steinfeld

Chicago, April 15 – Citigroup Global Markets Holdings Inc. priced $505,000 of 0% buffer securities due April 28, 2022 linked to an equally weighted basket containing the stocks of Cisco Systems, Inc., Coca-Cola Co., Dow Inc., International Business Machines Corp. and Walgreens Boots Alliance, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the basket return is positive, the payout at maturity will be par plus the basket gain, up to a maximum return of 12.4%. Investors will receive par if the basket falls by up to the 5% buffer and will lose 1% for every 1% that the basket declines beyond the buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Basket components:	Cisco Systems, Inc., Coca-Cola Co., Dow Inc., International Business Machines Corp. and Walgreens Boots Alliance, Inc.; equally weighted
Amount:	$505,000
Maturity:	April 28, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus gain, up to a 12.4% maximum gain; if basket falls by 5% or less, par; otherwise, 1% loss for every 1% decline beyond 5%
Initial value:	$50.51 for Cisco, $52.02 for Coca-Cola, $63.24for Dow, $133.07 for IBM, $51.71 for Walgreens Boots
Buffer value:	95% of initial basket level
Pricing date:	March 25
Settlement date:	March 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.93%
Cusip:	17328YZH0

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