New Issue: Citigroup prices $2.09 million geared buffer securities linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Aug. 30 – Citigroup Global Markets Holdings Inc. priced $2.09 million of 0% geared buffer securities due Sept. 1, 2021 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 triple any index gain, up to a maximum return of 29.1%.

Investors will receive par if the index falls by up to 15% and will lose 1.176471% per 1% drop beyond 15%.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Geared buffer securities
Underlying index:	S&P 500
Amount:	$2,092,000
Maturity:	Sept. 1, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of index return if index return is positive, subject to 29.1% cap; par if index declines by up to 15%: 1.176471% loss for every 1% that index declines beyond 15%
Initial index level:	2,878.38
Buffer level:	2,446.623, 85% of initial level
Pricing date:	Aug. 27
Settlement date:	Sept. 3
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.25%
Cusip:	17327TRD0

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