New Issue: Citigroup prices $944,000 buffered digital notes tied to S&P 500

By Kiku Steinfeld

Chicago, July 24 – Citigroup Global Markets Holdings Inc. priced $944,000 of 0% buffered digital notes due Aug. 18, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the index return is greater than or equal to negative 15%, the payout will be an amount equal to the threshold settlement amount of $1,071 per $1,000 principal amount of notes.

If the index return is less than negative 15%, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered digital notes
Underlying index:	S&P 500
Amount:	$944,000
Maturity:	Aug. 18, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 15%, $1,071 per $1,000 note; otherwise, 1.1765% loss per 1% drop beyond 15%
Initial index level:	3,215.57
Pricing date:	July 16
Settlement date:	July 23
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.09%
Cusip:	17328W3E6

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