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Published on 3/13/2019 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $4.62 million buffer securities on SPDR S&P MidCap 400

By Marisa Wong

Morgantown, W.Va., March 13 – Citigroup Global Markets Holdings Inc. priced $4.62 million of 0% buffer securities due Sept. 30, 2020 linked to the SPDR S&P MidCap 400 ETF trust, 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 2 times any ETF gain, capped at par plus 16.9%.

Investors will receive par if the ETF falls by up to 10% and will lose 1% per 1% drop beyond 10%.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffer securities
Underlying ETF:SPDR S&P MidCap 400 ETF trust
Amount:$4,619,000
Maturity:Sept. 30, 2020
Coupon:0%
Price:Par
Payout at maturity:Par plus 2 times any ETF gain, capped at par plus 16.9%; par if the ETF falls by up to 10%; 1% loss per 1% drop beyond 10%
Initial value:$348.22
Pricing date:Feb. 28
Settlement date:March 5
Agent:Citigroup Global Markets Inc.
Fees:None
Cusip:17326YNX0

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