New Issue: Citigroup prices $1.2 million dual directional barrier securities on S&P, Russell

By Sarah Lizee

Olympia, Wash., Dec. 12 – Citigroup Global Markets Holdings Inc. priced $1.2 million of 0% barrier securities due Nov. 30, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If each index finishes at or above the initial level, the payout at maturity will be par plus 3 times the return of the laggard index, capped at par plus 38.75%.

If the laggard index falls but finishes at or above the 55% barrier level, the payout at maturity will be par.

Otherwise, the payout will be par plus the laggard index return, with full exposure to losses.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1.2 million
Maturity:	Nov. 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If laggard index finishes at or above the initial level, par plus 3 times return of laggard index, capped at par plus 38.75%; if laggard index falls but finishes at or above barrier level, par; otherwise, par plus laggard index return, with full exposure to losses
Initial index levels:	3,140.52 for S&P, 1,624.231 for Russell
Barrier levels:	1,727.286 for S&P, 893.327 for Russell, 55% of initial levels
Pricing date:	Nov. 26
Settlement date:	Dec. 2
Agent:	Citigroup Global Markets Inc.
Fees:	0.5%
Cusip:	17327TEF9

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