New Issue: Citigroup sells $2.17 million trigger performance notes on Vanguard FTSE EM

By Devika Patel

Knoxville, Tenn., Feb. 29 – Citigroup Inc. priced $2.17 million of 0% trigger performance securities due Feb. 26, 2021 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 155% of any fund gain.

If the fund falls but finishes at or above its trigger level, 75% of the initial level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.

Issuer:	Citigroup Inc.
Issue:	Trigger performance securities
Underlying ETF:	Vanguard FTSE Emerging Markets
Amount:	$2,173,900
Maturity date:	Feb. 26, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund gains, par plus 155% of return; if fund falls by up to 25%, par; otherwise, full exposure to any losses
Initial level:	$30.76
Trigger level:	$23.07, 75% of initial level
Pricing date:	Feb. 24
Settlement date:	Feb. 29
Agent:	Citigroup Global Markets Inc. and UBS Financial Services Inc.
Fees:	3.5%
Cusip:	17323P181

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