New Issue: Citigroup prices $750,000 three-year buffer securities on index basket

By Devika Patel

Knoxville, Tenn., April 2 – Citigroup Global Markets Holdings Inc. priced $750,000 of 0% buffer securities due March 4, 2021 linked to a basket of three equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The underlying components are the S&P 500 index, Euro Stoxx 50 index and Nikkei 225 index.

The payout at maturity will be par plus 150% of any basket gain. Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying basket:	S&P 500 index, Euro Stoxx 50 index and Nikkei 225 index, equally weighted
Amount:	$750,000
Maturity:	March 4, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final basket level is greater than initial basket level, par plus 150% of basket return; par if basket declines by 15% or less; 1% loss for every 1% that basket declines beyond 15%
Initial levels:	2,713.83 for S&P, 3,438.96 for Stoxx and 22,068.24 for Nikkei
Pricing date:	Feb. 28
Settlement date:	March 5
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.5%
Cusip:	17324CS49

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