New Issue: Citigroup prices $3.5 million buffered digital securities linked to S&P 500

By William Gullotti

Buffalo, N.Y., May 6 – Citigroup Global Markets Holdings Inc. priced $3.5 million of 0% buffered digital securities due May 14, 2025 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 finishes at or above its 85% buffer level, the payout at maturity will be par plus 7%.

Otherwise, investors will lose 1.17647% 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 securities
Underlying index:	S&P 500 index
Amount:	$3,499,000
Maturity:	May 14, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater or equal to its buffer level, par plus 7%; otherwise, 1.17647% loss for every 1% decline beyond 15%
Initial index level:	5,048.42
Buffer level:	4,291.157; 85% of initial level
Pricing date:	April 25
Settlement date:	April 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17291LP66

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