New Issue: Citigroup prices $2.18 million contingent coupon autocallables linked to ETFs, S&P

By Angela McDaniels

Tacoma, Wash., May 7 – Citigroup Global Markets Holdings Inc. priced 2.18 million of autocallable contingent coupon equity-linked securities due May 3, 2024 linked to the least performing of the S&P 500 index, the SPDR S&P MidCap 400 ETF Trust and the iShares MSCI Eurozone exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Each quarter, the notes pay a contingent coupon at the rate of 8% per year if each underlier closes at or above its coupon barrier value, 80% of its initial level, on the valuation date for that quarter.

The notes will be automatically called at par if each underlier closes at or above its initial level on any quarterly potential redemption date.

The payout at maturity will be par unless the least-performing underlier finishes below its final barrier value, 62.5% of its initial level, in which case investors will lose 1% for every 1% that the least-performing underlier declines from its initial level.

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, SPDR S&P MidCap 400 ETF Trust and iShares MSCI Eurozone ETF
Amount:	$2,183,000
Maturity:	May 3, 2024
Coupon:	8% per year, payable quarterly if each underlier closes at or above coupon barrier value on valuation date for that quarter
Price:	Par
Payout at maturity:	Par unless least-performing underlier finishes below final barrier value, in which case 1% loss for every 1% that least-performing underlier declines from initial level
Call:	Automatically at par if each underlier closes at or above initial level on any quarterly potential redemption date
Initial levels:	2,945.83 for S&P 500, $359.10 for MidCap trust and $40.53 for Eurozone ETF
Coupon barrier values:	2,356.664 for S&P 500, $287.280 for MidCap trust and $32.424 for Eurozone ETF, or 80% of initial levels
Final barrier values:	1,841.144 for S&P 500, $224.438 for MidCap trust and $25.331 for Eurozone ETF, or 62.5% of initial levels
Pricing date:	April 30
Settlement date:	May 9
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.75%
Cusip:	17326Y4R4

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