New Issue: Citigroup sells $1.22 million autocallable securities on S&P

By Wendy Van Sickle

Columbus, Ohio, June 19 – Citigroup Global Markets Holdings Inc. priced $1.22 million of 0% autocallable securities due June 21, 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 notes will be called at par plus an 8% premium if the index closes at or above its initial level on June 16, 2021.

If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 4.2 times its return. If the index falls but not below 70% of its initial level, the payout at maturity will be par. Otherwise, investors will be exposed to any losses of the index.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable securities
Underlying index:	S&P 500
Amount:	$1,218,000
Maturity:	June 21, 2022
Coupon:	0%
Price:	Par
Call:	Par plus 8% if index closes at or above initial level on June 16, 2021
Payout at maturity:	If index finishes at or above initial level, par plus 4.2 times its gain; par if index falls but not below 70% of initial level; otherwise, exposure to any losses
Initial level:	3,124.74
Barrier level:	2,1,87.318, 70% of initial level
Pricing date:	June 16
Settlement date:	June 19
Agent:	Citigroup Global Markets Inc.
Fees:	0.65%
Cusip:	17328VLE8

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