New Issue: Citigroup prices $901,000 contingent coupon autocallables linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Sept. 5 – Citigroup Global Markets Holdings Inc. priced $901,000 of autocallable contingent coupon equity-linked securities due March 4, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon at the rate of 8% per year if the lesser-performing underlier closes at or above its coupon barrier value, 70% of its initial share price, on the valuation date for that quarter.

The notes will be automatically called at par if the lesser-performing underlier closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par unless the lesser-performing underlier finishes below its initial level and either index ever closes below its knock-in level, 70% of its initial level, in which case investors will lose 1% for every 1% that the lesser-performing underlier declines from its initial level.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable contingent coupon equity-linked securities
Underliers:	S&P 500 index and Russell 2000 index
Amount:	$901,000
Maturity:	March 4, 2021
Coupon:	8% per year, payable quarterly if lesser-performing underlier closes at or above coupon barrier value on valuation date for that quarter
Price:	Par
Payout at maturity:	Par unless lesser-performing underlier finishes below initial level and either index ever closes below knock-in level, in which case 1% loss for every 1% that lesser-performing underlier declines from initial level
Call:	Automatically at par if lesser-performing share price closes at or above initial level on any quarterly observation date after six months
Initial levels:	2,926.46 for S&P, 1,494.839 for Russell
Coupon barriers:	2,048.522 for S&P, 1,046.387 for Russell, 70% of initial levels
Knock-in levels:	2,048.522 for S&P, 1,046.387 for Russell, 70% of initial levels
Pricing date:	Aug. 30
Settlement date:	Sept. 5
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.875%
Cusip:	17327TLT1

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