New Issue: Citigroup prices $6.37 million buffer securities linked to the Dow

By Toni Weeks

San Luis Obispo, Calif., May 29 - Citigroup Inc. priced $6.37 million of 0% buffer securities due May 31, 2019 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 45%. If the index declines by 25% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 25%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	Dow Jones industrial average
Amount:	$6,373,000
Maturity:	May 31, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus index return, subject to 45% maximum return; par if index declines by 25% or less; 1% loss for every 1% that index declines beyond 25%
Initial index level:	16,675.5
Buffer amount:	25%
Pricing date:	May 27
Settlement date:	May 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	3%
Cusip:	1730T0Q85

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