New Issue: Citigroup sells $28.02 million buffer securities linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Dec. 9 – Citigroup Global Markets Holdings Inc. priced $28.02 million of 0% buffer securities due Jan. 27, 2021 linked to the S&P 500 index, 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 any index gain, up to a maximum payout of par plus 9.31%.

Investors will receive par if the index falls by up to 15% and will lose 1% per 1% drop beyond 15%.

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:	$28,024,000
Maturity:	Jan. 27, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, up to a maximum payout of par plus 9.31%; par if the index falls by up to 15%; 1% loss per 1% drop beyond 15%
Initial index level:	3,112.76
Buffer level:	2,645.846, 85% of initial level
Pricing date:	Nov. 25
Settlement date:	Nov. 29
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.25%
Cusip:	17327TWX0

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