New Issue: Citigroup sells $251,000 buffer securities linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 3 – Citigroup Global Markets Holdings Inc. priced $251,000 of 0% buffer securities due Aug. 30, 2022 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.

The payout at maturity will be par plus 2 times any index gain, up to a maximum payout of par plus 14%.

Investors will receive par if the index falls by up to 10% and will lose 1% per 1% drop beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	S&P 500
Amount:	$251,000
Maturity:	Aug. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any index gain, up to a maximum payout of par plus 14%; par if the index falls by up to buffer level; 1% loss per 1% drop beyond buffer
Initial index level:	3,128.21
Buffer level:	2,815.389, 90% of initial level
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.75%
Cusip:	17327T4T0

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