New Issue: Citigroup sells $33.47 million buffer securities linked to Dow, S&P

By Wendy Van Sickle

Columbus, Ohio, June 9 – Citigroup Global Markets Holdings Inc. priced $33.47 million of 0% buffer securities due Nov. 30, 2023 linked to the worst performing of the S&P 500 index and the Dow Jones industrial average, 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 100% of any positive return of the laggard index up to 24.05%.

If the laggard index falls by up to 20%, the payout will be par. Investors will be exposed to declines in the laggard index beyond the 20% buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	S&P 500 index, Dow Jones industrial average
Amount:	$33,467,000
Maturity:	Nov. 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 100% of any positive return of laggard index, capped at 24.05%; par if laggard index falls by up to 20%; lose 1% for every 1% decline of laggard index beyond 20%
Initial levels:	4,158.24 for S&P, 33,212.96 for Dow
Buffer levels:	3,326.592 for S&P, 26,570.368 for Dow; 80% of initial levels
Pricing date:	May 27
Settlement date:	June 2
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.25%
Cusip:	17330F6R7

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