New Issue: Citi prices $1.44 million contingent upside participation market-linked notes on S&P

By Kiku Steinfeld

Chicago, Nov. 23 – Citigroup Global Markets Holdings Inc. priced $1.44 million of 0% contingent upside participation market-linked notes due Sept. 25, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes above its knock-out level, 148% of its initial value, on any day during the life of the notes, the payout at maturity will be par plus 4%. If the index never closes above the knock-out level on any day and the final index level is greater than the initial index level, investors will receive par plus the gain of the index. Otherwise, investors will receive par.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Contingent upside participation market-linked notes
Underlying index:	S&P 500 index
Amount:	$1,444,000
Maturity:	Sept. 25, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes above knock-out level on any day during life of notes, par plus 4%; if index never closes above knock-out level on any day and finishes above initial level, par plus index gain; otherwise, par
Initial level:	4,511.61
Knock-out return:	4%
Knock-out level:	6,677.183, 148% of initial level
Call:	Non-callable
Pricing date:	March 22
Settlement date:	March 25
Agent:	Citigroup Global Markets Inc.
Fees:	1.5%
Cusip:	17330ARL8

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