New Issue: Citigroup prices $2 million 6.5% equity-linked securities on S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, May 20 – Citigroup Global Markets Holdings Inc. priced $2 million of 6.5% equity-linked securities due May 19, 2025 linked to the worst performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Interest is payable quarterly.

The payout will be par if the worst-performing index finishes at or above its 60% threshold level. Otherwise, investors will lose 1% for every 1% decline of the worst-performing index.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$2 million
Maturity:	May 19, 2025
Coupon:	6.5%, payable quarterly
Price:	Par
Payout at maturity:	If the worst-performing index return is zero or positive or falls by up to 40%, par; otherwise, 1% loss for every 1% decline of worst performer
Initial index levels:	3,930.08 for S&P, 31,730.3 for Dow
Threshold levels:	2,358.048 for S&P, 19,038.18 for Dow; 60% of initial levels
Strike date:	May 12
Pricing date:	May 13
Settlement date:	May 18
Agent:	Citigroup Global Markets Inc.
Fees:	0.6%
Cusip:	17330FSS1

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