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Published on 6/4/2019 in the Prospect News Structured Products Daily.

New Issue: Citi sells $1.55 million contingent coupon autocallables on indexes

By Sarah Lizee

Olympia, Wash., June 4 – Citigroup Global Markets Holdings Inc. priced $1.55 million of autocallable contingent coupon equity linked securities due May 31, 2024 linked to the worst performing of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Global Markets Inc.

Each month, the notes will pay a contingent coupon at an annual rate of 5.5% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that period.

The notes are called at par if each asset closes at or above its initial level on any quarterly call determination date after one year.

The payout at maturity will be par unless any underlying asset finishes below its 60% barrier level, in which case investors will be fully exposed to any losses of the worst performing asset.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Global Markets Inc.
Issue:Autocallable contingent coupon equity linked securities
Underlying assets:Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
Amount:$1,553,000
Maturity:May 31, 2024
Coupon:5.5% annualized, payable each month that each asset closes at or above coupon barrier on observation date for that month
Price:Par
Payout at maturity:Par unless any index finishes below final barrier level, in which case 1% loss for each 1% decline of worst performing index
Call:At par if each asset closes at or above its initial level on any quarterly call determination date after one year
Initial levels:25,347.77 for Dow, 1,504.019 for Russell, 7,278.376 for Nasdaq
Coupon barriers:17,743.439 for Dow, 1,052.813 for Russell, 5,094.863 for Nasdaq; 70% of initial levels
Final barrier levels:15,208.662 for Dow, 902.411 for Russell, 4,367.026 for Nasdaq; 60% of initial levels
Pricing date:May 28
Settlement date:May 31
Agent:Citigroup Global Markets Inc.
Fees:4.125%
Cusip:17326YAS5

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