Obbligazione Citi Global Markets 0% ( US17324CJV90 ) in USD

Emittente Citi Global Markets
Prezzo di mercato 100 USD  ▼ 
Paese  Stati Uniti
Codice isin  US17324CJV90 ( in USD )
Tasso d'interesse 0%
Scadenza 30/06/2022 - Obbligazione č scaduto



Prospetto opuscolo dell'obbligazione Citigroup Global Markets Holdings US17324CJV90 in USD 0%, scaduta


Importo minimo 1 000 USD
Importo totale 1 931 000 USD
Cusip 17324CJV9
Standard & Poor's ( S&P ) rating N/A
Moody's rating N/A
Descrizione dettagliata Citigroup Global Markets Holdings č una sussidiaria di Citigroup Inc. che opera nel settore dei mercati finanziari globali, offrendo servizi di trading, intermediazione e gestione degli investimenti a clienti istituzionali e investitori privati.

The Obbligazione issued by Citi Global Markets ( United States ) , in USD, with the ISIN code US17324CJV90, pays a coupon of 0% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 30/06/2022







424B2 1 dp77768_424b2-us1730562.htm PRICING SUPPLEMENT
Citigroup Global Markets Holdings Inc.
June 26, 2017
Medium-Term Senior Notes, Series N
Pricing Supplement No. 2017-USNCH0569
Filed Pursuant to Rule 424(b)(2)
Registration Statement Nos. 333-216372 and 333-216372-01
Buffer Securities Based on the Dow Jones Industrial AverageTM Due June 30, 2022
Overview
? The securities offered by this pricing supplement are unsecured senior debt securities issued by Citigroup Global Markets
Holdings Inc. and guaranteed by Citigroup Inc. Unlike conventional debt securities, the securities do not pay interest and do not
repay a fixed amount of principal at maturity. Instead, the securities offer a payment at maturity that may be greater than, equal
to or less than the stated principal amount, depending on the performance of the Dow Jones Industrial AverageTM (the
"underlying index") from the initial index level to the final index level.
? The securities offer leveraged exposure to a limited range of potential appreciation of the underlying index and a limited buffer
against the potential depreciation of the underlying index as described below. In exchange for those features, investors in the
securities must be willing to forgo (i) any appreciation of the underlying index in excess of the maximum return at maturity
specified below and (ii) any dividends that may be paid on the stocks that constitute the underlying index. In addition, investors in
the securities must be willing to accept downside exposure to any depreciation of the underlying index in excess of the 20.00%
buffer amount. If the underlying index depreciates by more than the buffer amount from the pricing date to
the valuation date, you will lose 1% of the stated principal amount of your securities for every 1% by
which that depreciation exceeds the buffer amount.
? In order to obtain the modified exposure to the underlying index that the securities provide, investors must be willing to accept (i)
an investment that may have limited or no liquidity and (ii) the risk of not receiving any amount due under the securities if we and
Citigroup Inc. default on our obligations. All payments on the securities are subject to the credit risk of Citigroup
Global Markets Holdings Inc. and Citigroup Inc.
KEY TERMS

Issuer:
Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc.
Guarantee:
All payments due on the securities are fully and unconditionally guaranteed by Citigroup
Inc.
Underlying index:
The Dow Jones Industrial AverageTM (ticker symbol: "INDU")
Aggregate stated principal
$1,931,000
amount:
Stated principal amount:
$1,000 per security
Pricing date:
June 26, 2017
Issue date:
June 29, 2017
Valuation date:
June 27, 2022, subject to postponement if such date is not a scheduled trading day or if
certain market disruption events occur
Maturity date:
June 30, 2022
Payment at maturity:
For each $1,000 stated principal amount security you hold at maturity:
? If the final index level is greater than the initial index level:
$1,000 + the leveraged return amount, subject to the maximum return at maturity
? If the final index level is equal to the initial index level or less than the
initial index level by an amount less than or equal to the buffer amount:
$1,000
? If the final index level is less than the initial index level by an amount greater
than the buffer amount:
($1,000 × the index performance factor) + $200.00
If the underlying index decreases from the initial index level to the final
index level by more than the buffer amount, your payment at maturity
will be less, and possibly significantly less, than the $1,000 stated
principal amount per security. You should not invest in the securities
unless you are willing and able to bear the risk of losing a significant
portion of your investment.
Initial index level:
21,409.55, the closing level of the underlying index on the pricing date
Final index level:
The closing level of the underlying index on the valuation date
Index performance factor:
The final index level divided by the initial index level
Index percent increase:
The final index level minus the initial index level, divided by the initial index level
Leveraged return amount:
$1,000 × the index percent increase × the leverage factor
Leverage factor:
110.00%
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Maximum return at maturity:
$500.00 per security (50.00% of the stated principal amount). Because of the maximum
return at maturity, the payment at maturity will not exceed $1,500.00 per security.
Buffer amount:
20.00%
Listing:
The securities will not be listed on any securities exchange
CUSIP / ISIN:
17324CJV9 / US17324CJV90
Underwriter:
Citigroup Global Markets Inc. ("CGMI"), an affiliate of the issuer, acting as principal
Underwriting fee and issue price:
Issue price(1)(2)
Underwriting fee(3)
Proceeds to issuer
Per security:
$1,000.00
$30.00
$970.00
Total:
$1,931,000.00
$57,930.00
$1,873,070.00
(1) On the date of this pricing supplement, the estimated value of the securities is $935.50 per security, which is less than the
issue price. The estimated value of the securities is based on CGMI's proprietary pricing models and our internal funding rate. It is
not an indication of actual profit to CGMI or other of our affiliates, nor is it an indication of the price, if any, at which CGMI or any
other person may be willing to buy the securities from you at any time after issuance. See "Valuation of the Securities" in this
pricing supplement.
(2) The issue price for investors purchasing the securities in fee-based advisory accounts will be $970.00 per security, assuming
no custodial fee is charged by a selected dealer, and up to $975.00 per security, assuming the maximum custodial fee is charged
by a selected dealer. See "Supplemental Plan of Distribution" in this pricing supplement.
(3) For more information on the distribution of the securities, see "Supplemental Plan of Distribution" in this pricing supplement. In
addition to the underwriting fee, CGMI and its affiliates may profit from hedging activity related to this offering, even if the value of
the securities declines. See "Use of Proceeds and Hedging" in the accompanying prospectus.
Investing in the securities involves risks not associated with an investment in conventional
debt securities. See "Summary Risk Factors" beginning on page PS-4.
Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of the securities or determined that this pricing supplement and the accompanying product
supplement, underlying supplement, prospectus supplement and prospectus is truthful or complete. Any
representation to the contrary is a criminal offense.
You should read this pricing supplement together with the accompanying product supplement, underlying supplement,
prospectus supplement and prospectus, each of which can be accessed via the hyperlinks below:
Product Supplement No. EA-02-06 dated April 7, 2017 Underlying Supplement No. 6 dated April 7, 2017
Prospectus Supplement and Prospectus each dated April 7, 2017
The securities are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance
Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a bank.


Citigroup Global Markets Holdings Inc.
Buffer Securities Based on the Dow Jones Industrial AverageTM Due June 30, 2022

Additional Information
The terms of the securities are set forth in the accompanying product supplement, prospectus supplement and prospectus, as
supplemented by this pricing supplement. The accompanying product supplement, prospectus supplement and prospectus contain
important disclosures that are not repeated in this pricing supplement. For example, certain events may occur that could affect your
payment at maturity. These events and their consequences are described in the accompanying product supplement in the sections
"Description of the Securities--Certain Additional Terms for Securities Linked to an Underlying Index--Consequences of a Market
Disruption Event; Postponement of a Valuation Date" and "--Discontinuance or Material Modification of an Underlying Index," and
not in this pricing supplement. The accompanying underlying supplement contains important disclosures regarding the underlying
index that are not repeated in this pricing supplement. It is important that you read the accompanying product supplement,
underlying supplement, prospectus supplement and prospectus together with this pricing supplement in connection with your
investment in the securities. Certain terms used but not defined in this pricing supplement are defined in the accompanying product
supplement.
Hypothetical Examples
The diagram below illustrates your payment at maturity for a range of hypothetical percentage changes from the initial index level to
the final index level.

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Investors in the securities will not receive any dividends on the stocks that constitute the underlying index.
The diagram and examples below do not show any effect of lost dividend yield over the term of the
securities. See "Summary Risk Factors--Investing in the securities is not equivalent to investing in the underlying index or the
stocks that constitute the underlying index" below.

Buffer Securities
Payment at Maturity Diagram
The Securities The Underlying Index

June 2017
PS-2
Citigroup Global Markets Holdings Inc.
Buffer Securities Based on the Dow Jones Industrial AverageTM Due June 30, 2022

Your actual payment at maturity per security will depend on the actual final index level. The examples below are intended to
illustrate how your payment at maturity will depend on whether the final index level is greater than or less than the initial index
level and by how much.
Example 1--Upside Scenario A. The hypothetical final index level is 22,480.03 (an approximately 5.00% increase from the
initial index level), which is greater than the initial index level.
Payment at maturity per security = $1,000 + the leveraged return amount, subject to the maximum return at maturity of $500.00 per
security
= $1,000 + ($1,000 × the index percent increase × the leverage factor), subject to the maximum return at maturity of $500.00 per
security
= $1,000 + ($1,000 × 5.00% × 110.00%), subject to the maximum return at maturity of $500.00 per security
= $1,000 + $55.00, subject to the maximum return at maturity of $500.00 per security
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= $1,055.00
Because the underlying index appreciated from the initial index level to the hypothetical final index level and the leveraged return
amount of $55.00 per security results in a total return at maturity of 5.50%, which is less than the maximum return at maturity of
50.00%, your payment at maturity in this scenario would be equal to the $1,000 stated principal amount per security plus the
leveraged return amount, or $1,055.00 per security.
Example 2--Upside Scenario B. The hypothetical final index level is 32,114.33 (an approximately 50.00% increase from the
initial index level), which is greater than the initial index level.
Payment at maturity per security = $1,000 + the leveraged return amount, subject to the maximum return at maturity of $500.00 per
security
= $1,000 + ($1,000 × the index percent increase × the leverage factor), subject to the maximum return at maturity of $500.00 per
security
= $1,000 + ($1,000 × 50.00% × 110.00%), subject to the maximum return at maturity of $500.00 per security
= $1,000 + $550.00, subject to the maximum return at maturity of $500.00 per security
= $1,500.00
Because the underlying index appreciated from the initial index level to the hypothetical final index level and the leveraged return
amount of $1,550.00 per security would result in a total return at maturity of 55.00%, which is greater than the maximum return at
maturity of 50.00%, your payment at maturity in this scenario would equal the maximum payment at maturity of $1,500.00 per
security. In this scenario, an investment in the securities would underperform a hypothetical alternative investment providing 1-to-1
exposure to the appreciation of the underlying index without a maximum return.
Example 3--Par Scenario. The hypothetical final index level is 20,339.07 (an approximately 5.00% decrease from the initial
index level), which is less than the initial index level by an amount that is less than the buffer amount of 20.00%.
Payment at maturity per security = $1,000
Because the underlying index did not depreciate from the initial index level to the hypothetical final index level by more than the
20.00% buffer amount, your payment at maturity in this scenario would be equal to the $1,000 stated principal amount per security.
Example 4--Downside Scenario. The hypothetical final index level is 6,422.87 (an approximately 70.00% decrease from the
initial index level), which is less than the initial index level by an amount that is more than the buffer amount of 20.00%.
Payment at maturity per security = ($1,000 × the index performance factor) + $150.00
= ($1,000 × 30.00%) + $150.00
= $300.00 + $150.00
= $450.00
Because the underlying index depreciated from the initial index level to the hypothetical final index level by more than the 20.00%
buffer amount, your payment at maturity in this scenario would reflect 1-to-1 exposure to the negative performance of the
underlying index beyond the 20.00% buffer amount.

June 2017
PS-3
Citigroup Global Markets Holdings Inc.
Buffer Securities Based on the Dow Jones Industrial AverageTM Due June 30, 2022

Summary Risk Factors
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An investment in the securities is significantly riskier than an investment in conventional debt securities. The securities are subject
to all of the risks associated with an investment in our conventional debt securities (guaranteed by Citigroup Inc.), including the risk
that we and Citigroup Inc. may default on our obligations under the securities, and are also subject to risks associated with the
underlying index. Accordingly, the securities are suitable only for investors who are capable of understanding the complexities and
risks of the securities. You should consult your own financial, tax and legal advisors as to the risks of an investment in the
securities and the suitability of the securities in light of your particular circumstances.
The following is a summary of certain key risk factors for investors in the securities. You should read this summary together with
the more detailed description of risks relating to an investment in the securities contained in the section "Risk Factors Relating to
the Securities" beginning on page EA-6 in the accompanying product supplement. You should also carefully read the risk factors
included in the accompanying prospectus supplement and in the documents incorporated by reference in the accompanying
prospectus, including Citigroup Inc.'s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form
10-Q, which describe risks relating to the business of Citigroup Inc. more generally.
? You may lose up to 80.00% of your investment. Unlike conventional debt securities, the securities do not repay a
fixed amount of principal at maturity. Instead, your payment at maturity will depend on the performance of the underlying index.
If the underlying index depreciates by more than the buffer amount, you will lose 1% of the stated principal amount of the
securities for every 1% by which that depreciation exceeds the buffer amount.
? The securities do not pay interest. Unlike conventional debt securities, the securities do not pay interest or any other
amounts prior to maturity. You should not invest in the securities if you seek current income during the term of the securities.
? Your potential return on the securities is limited. Your potential total return on the securities at maturity is limited to
the maximum return at maturity of 50.00%, which is equivalent to a maximum return at maturity of $500.00 per security. Taking
into account the leverage factor, any increase in the final index level over the initial index level by more than approximately
45.45% will not increase your return on the securities and will progressively reduce the effective amount of leverage provided
by the securities.
? Investing in the securities is not equivalent to investing in the underlying index or the stocks that
constitute the underlying index. You will not have voting rights, rights to receive dividends or other distributions or any
other rights with respect to the stocks that constitute the underlying index. As of June 26, 2017, the average dividend yield of
the underlying index was approximately 2.32% per year. While it is impossible to know the future dividend yield of the
underlying index, if this average dividend yield were to remain constant for the term of the securities, you would be forgoing an
aggregate yield of approximately 11.60% (assuming no reinvestment of dividends) by investing in the securities instead of
investing directly in the stocks that constitute the underlying index or in another investment linked to the underlying index that
provides for a pass-through of dividends. The payment scenarios described in this pricing supplement do not show any effect
of lost dividend yield over the term of the securities.
? Your payment at maturity depends on the closing level of the underlying index on a single day. Because
your payment at maturity depends on the closing level of the underlying index solely on the valuation date, you are subject to
the risk that the closing level of the underlying index on that day may be lower, and possibly significantly lower, than on one or
more other dates during the term of the securities. If you had invested in another instrument linked to the underlying index that
you could sell for full value at a time selected by you, or if the payment at maturity were based on an average of closing levels
of the underlying index, you might have achieved better returns.
? The securities are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
If we default on our obligations under the securities and Citigroup Inc. defaults on its guarantee obligations, you may not
receive anything owed to you under the securities.
? The securities will not be listed on any securities exchange and you may not be able to sell them prior
to maturity. The securities will not be listed on any securities exchange. Therefore, there may be little or no secondary
market for the securities. CGMI currently intends to make a secondary market in relation to the securities and to provide an
indicative bid price for the securities on a daily basis. Any indicative bid price for the securities provided by CGMI will be
determined in CGMI's sole discretion, taking into account prevailing market conditions and other relevant factors, and will not
be a representation by CGMI that the securities can be sold at that price, or at all. CGMI may suspend or terminate making a
market and providing indicative bid prices without notice, at any time and for any reason. If CGMI suspends or terminates
making a market, there may be no secondary market at all for the securities because it is likely that CGMI will be the only
broker-dealer that is willing to buy your securities prior to maturity. Accordingly, an investor must be prepared to hold the
securities until maturity.
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? The estimated value of the securities on the pricing date, based on CGMI's proprietary pricing models
and our internal funding rate, is less than the issue price. The difference is attributable to certain costs associated
with selling, structuring and

June 2017
PS-4
Citigroup Global Markets Holdings Inc.
Buffer Securities Based on the Dow Jones Industrial AverageTM Due June 30, 2022

hedging the securities that are included in the issue price. These costs include (i) the selling concessions paid in connection
with the offering of the securities, (ii) hedging and other costs incurred by us and our affiliates in connection with the offering of
the securities and (iii) the expected profit (which may be more or less than actual profit) to CGMI or other of our affiliates in
connection with hedging our obligations under the securities. These costs adversely affect the economic terms of the securities
because, if they were lower, the economic terms of the securities would be more favorable to you. The economic terms of the
securities are also likely to be adversely affected by the use of our internal funding rate, rather than our secondary market rate,
to price the securities. See "The estimated value of the securities would be lower if it were calculated based on our secondary
market rate" below.

? The estimated value of the securities was determined for us by our affiliate using proprietary pricing
models. CGMI derived the estimated value disclosed on the cover page of this pricing supplement from its proprietary pricing
models. In doing so, it may have made discretionary judgments about the inputs to its models, such as the volatility of the
underlying index, dividend yields on the stocks that constitute the underlying index and interest rates. CGMI's views on these
inputs may differ from your or others' views, and as an underwriter in this offering, CGMI's interests may conflict with yours.
Both the models and the inputs to the models may prove to be wrong and therefore not an accurate reflection of the value of
the securities. Moreover, the estimated value of the securities set forth on the cover page of this pricing supplement may differ
from the value that we or our affiliates may determine for the securities for other purposes, including for accounting purposes.
You should not invest in the securities because of the estimated value of the securities. Instead, you should be willing to hold
the securities to maturity irrespective of the initial estimated value.
? The estimated value of the securities would be lower if it were calculated based on our secondary
market rate. The estimated value of the securities included in this pricing supplement is calculated based on our internal
funding rate, which is the rate at which we are willing to borrow funds through the issuance of the securities. Our internal
funding rate is generally lower than our secondary market rate, which is the rate that CGMI will use in determining the value of
the securities for purposes of any purchases of the securities from you in the secondary market. If the estimated value included
in this pricing supplement were based on our secondary market rate, rather than our internal funding rate, it would likely be
lower. We determine our internal funding rate based on factors such as the costs associated with the securities, which are
generally higher than the costs associated with conventional debt securities, and our liquidity needs and preferences. Our
internal funding rate is not an interest rate that we will pay to investors in the securities, which do not bear interest.
Because there is not an active market for traded instruments referencing our outstanding debt obligations, CGMI determines
our secondary market rate based on the market price of traded instruments referencing the debt obligations of Citigroup Inc.,
our parent company and the guarantor of all payments due on the securities, but subject to adjustments that CGMI makes in its
sole discretion. As a result, our secondary market rate is not a market-determined measure of our creditworthiness, but rather
reflects the market's perception of our parent company's creditworthiness as adjusted for discretionary factors such as CGMI's
preferences with respect to purchasing the securities prior to maturity.
? The estimated value of the securities is not an indication of the price, if any, at which CGMI or any other
person may be willing to buy the securities from you in the secondary market. Any such secondary market
price will fluctuate over the term of the securities based on the market and other factors described in the next risk factor.
Moreover, unlike the estimated value included in this pricing supplement, any value of the securities determined for purposes of
a secondary market transaction will be based on our secondary market rate, which will likely result in a lower value for the
securities than if our internal funding rate were used. In addition, any secondary market price for the securities will be reduced
by a bid-ask spread, which may vary depending on the aggregate stated principal amount of the securities to be purchased in
the secondary market transaction, and the expected cost of unwinding related hedging transactions. As a result, it is likely that
any secondary market price for the securities will be less than the issue price.
? The value of the securities prior to maturity will fluctuate based on many unpredictable factors. The value
of your securities prior to maturity will fluctuate based on the level and volatility of the underlying index and a number of other
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factors, including the price and volatility of the stocks that constitute the underlying index, the dividend yields on the stocks that
constitute the underlying index, interest rates generally, the time remaining to maturity and our and Citigroup Inc.'s
creditworthiness, as reflected in our secondary market rate. Changes in the level of the underlying index may not result in a
comparable change in the value of your securities. You should understand that the value of your securities at any time prior to
maturity may be significantly less than the issue price.
? Immediately following issuance, any secondary market bid price provided by CGMI, and the value that
will be indicated on any brokerage account statements prepared by CGMI or its affiliates, will reflect a
temporary upward adjustment. The amount of this temporary upward adjustment will steadily decline to zero over the
temporary adjustment period. See "Valuation of the Securities" in this pricing supplement.

June 2017
PS-5
Citigroup Global Markets Holdings Inc.
Buffer Securities Based on the Dow Jones Industrial AverageTM Due June 30, 2022

? Our offering of the securities does not constitute a recommendation of the underlying index. The fact that
we are offering the securities does not mean that we believe that investing in an instrument linked to the underlying index is
likely to achieve favorable returns. In fact, as we are part of a global financial institution, our affiliates may have positions
(including short positions) in the stocks that constitute the underlying index or in instruments related to the underlying index or
such stocks over the term of the securities and may publish research or express opinions, that in each case are inconsistent
with an investment linked to the underlying index. These and other activities of our affiliates may affect the level of the
underlying index in a way that has a negative impact on your interests as a holder of the securities.
? The level of the underlying index may be adversely affected by our or our affiliates' hedging and other
trading activities. We have hedged our obligations under the securities through CGMI or other of our affiliates, who have
taken positions directly in the stocks that constitute the underlying index and other financial instruments related to the
underlying index or such stocks and may adjust such positions during the term of the securities. Our affiliates also trade the
stocks that constitute the underlying index and other financial instruments related to the underlying index or such stocks on a
regular basis (taking long or short positions or both), for their accounts, for other accounts under their management or to
facilitate transactions on behalf of customers. These activities could affect the level of the underlying index in a way that
negatively affects the value of the securities. They could also result in substantial returns for us or our affiliates while the value
of the securities declines.
? We and our affiliates may have economic interests that are adverse to yours as a result of our affiliates'
business activities. Our affiliates may currently or from time to time engage in business with the issuers of the stocks that
constitute the underlying index, including extending loans to, making equity investments in or providing advisory services to
such issuers. In the course of this business, we or our affiliates may acquire non-public information about such issuers, which
we will not disclose to you. Moreover, if any of our affiliates is or becomes a creditor of any such issuer, they may exercise any
remedies against such issuer that are available to them without regard to your interests.
? The calculation agent, which is an affiliate of ours, will make important determinations with respect to
the securities. If certain events occur, such as market disruption events or the discontinuance of the underlying index,
CGMI, as calculation agent, will be required to make discretionary judgments that could significantly affect your payment at
maturity. In making these judgments, the calculation agent's interests as an affiliate of ours could be adverse to your interests
as a holder of the securities.
? Adjustments to the underlying index may affect the value of your securities. S&P Dow Jones Indices LLC (the
"underlying index publisher") may add, delete or substitute the stocks that constitute the underlying index or make other
methodological changes that could affect the level of the underlying index. The underlying index publisher may discontinue or
suspend calculation or publication of the underlying index at any time without regard to your interests as holders of the
securities.
? The U.S. federal tax consequences of an investment in the securities are unclear. There is no direct legal
authority regarding the proper U.S. federal tax treatment of the securities, and we do not plan to request a ruling from the
Internal Revenue Service (the "IRS"). Consequently, significant aspects of the tax treatment of the securities are uncertain, and
the IRS or a court might not agree with the treatment of the securities as prepaid forward contracts. If the IRS were successful
in asserting an alternative treatment of the securities, the tax consequences of the ownership and disposition of the securities
might be materially and adversely affected. As described below under "United States Federal Tax Considerations," in 2007, the
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U.S. Treasury Department and the IRS released a notice requesting comments on various issues regarding the U.S. federal
income tax treatment of "prepaid forward contracts" and similar instruments. Any Treasury regulations or other guidance
promulgated after consideration of these issues could materially and adversely affect the tax consequences of an investment in
the securities, including the character and timing of income or loss and the degree, if any, to which income realized by non-
U.S. persons should be subject to withholding tax, possibly with retroactive effect.

In addition, Section 871(m) of the Internal Revenue Code of 1986, as amended (the "Code"), imposes a withholding tax of up
to 30% on "dividend equivalents" paid or deemed paid to non-U.S. investors in respect of certain financial instruments linked to
U.S. equities. In light of IRS regulations providing a general exemption for financial instruments issued in 2017 that do not have
a "delta" of one, the securities should not be subject to withholding under Section 871(m). However, the IRS could challenge
this conclusion. If withholding applies to the securities, we will not be required to pay any additional amounts with respect to
amounts withheld.
You should read carefully the discussion under "United States Federal Tax Considerations" and "Risk Factors Relating to the
Securities" in the accompanying product supplement and "United States Federal Tax Considerations" in this pricing
supplement. You should also consult your tax adviser regarding the U.S. federal tax consequences of an investment in the
securities, as well as tax consequences arising under the laws of any state, local or non-U.S. taxing jurisdiction.

June 2017
PS-6
Citigroup Global Markets Holdings Inc.
Buffer Securities Based on the Dow Jones Industrial AverageTM Due June 30, 2022

Information About the Underlying Index

The Dow Jones Industrial AverageTM is a price-weighted index rather than a market capitalization-weighted index. The Dow Jones
Industrial AverageTM consists of 30 common stocks chosen as representative of the broad market of U.S. industry. It is calculated
and maintained by S&P Dow Jones Indices LLC. The Dow Jones Industrial AverageTM is reported by Bloomberg L.P. under the
ticker symbol "INDU."

"Dow Jones®," "Dow Jones Indexes," and "Dow Jones Industrial AverageTM" are service marks of Dow Jones Trademark Holdings,
LLC and have been licensed to S&P Dow Jones Indices LLC and sublicensed for use for certain purposes by Citigroup Global
Markets Inc. and its affiliates. For more information regarding the license, see "Equity Index Descriptions--The Dow Jones
Industrial AverageTM--License Agreement" in the accompanying underlying supplement.

Please refer to the section "Equity Index Descriptions--The Dow Jones Industrial AverageTM" in the accompanying underlying
supplement for important disclosures regarding the underlying index.
Historical Information
The closing level of the underlying index on June 26, 2017 was 21,409.55.
The graph below shows the closing levels of the underlying index for each day such level was available from January 3, 2012 to
June 26, 2017. We obtained the closing levels from Bloomberg L.P., without independent verification. You should not take the
historical levels of the underlying index as an indication of future performance.

Dow Jones Industrial AverageTM ­ Historical Closing Levels
January 3, 2012 to June 26, 2017
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June 2017
PS-7
Citigroup Global Markets Holdings Inc.
Buffer Securities Based on the Dow Jones Industrial AverageTM Due June 30, 2022

United States Federal Tax Considerations
You should read carefully the discussion under "United States Federal Tax Considerations" and "Risk Factors Relating to the
Securities" in the accompanying product supplement and "Summary Risk Factors" in this pricing supplement.
In the opinion of our counsel, Davis Polk & Wardwell LLP, which is based on current market conditions, a security should be
treated as a prepaid forward contract for U.S. federal income tax purposes. By purchasing a security, you agree (in the absence of
an administrative determination or judicial ruling to the contrary) to this treatment. There is uncertainty regarding this treatment, and
the IRS or a court might not agree with it.
Assuming this treatment of the securities is respected and subject to the discussion in "United States Federal Tax Considerations"
in the accompanying product supplement, the following U.S. federal income tax consequences should result under current law:

·
You should not recognize taxable income over the term of the securities prior to maturity, other than pursuant to a sale or
exchange.

·
Upon a sale or exchange of a security (including retirement at maturity), you should recognize capital gain or loss equal to
the difference between the amount realized and your tax basis in the security. Such gain or loss should be long-term
capital gain or loss if you held the security for more than one year.
Subject to the discussions below under "Possible Withholding Under Section 871(m) of the Code" and in "United States Federal
Tax Considerations" in the accompanying product supplement, if you are a Non-U.S. Holder (as defined in the accompanying
product supplement) of the securities, you generally should not be subject to U.S. federal withholding or income tax in respect of
any amount paid to you with respect to the securities, provided that (i) income in respect of the securities is not effectively
connected with your conduct of a trade or business in the United States, and (ii) you comply with the applicable certification
requirements.
In 2007, the U.S. Treasury Department and the IRS released a notice requesting comments on the U.S. federal income tax
treatment of "prepaid forward contracts" and similar instruments. The notice focuses in particular on whether to require holders of
these instruments to accrue income over the term of their investment. It also asks for comments on a number of related topics,
including the character of income or loss with respect to these instruments; whether short-term instruments should be subject to
any such accrual regime; the relevance of factors such as the exchange-traded status of the instruments and the nature of the
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underlying property to which the instruments are linked; the degree, if any, to which income (including any mandated accruals)
realized by non-U.S. investors should be subject to withholding tax; and whether these instruments are or should be subject to the
"constructive ownership" regime, which very generally can operate to recharacterize certain long-term capital gain as ordinary
income and impose an interest charge. While the notice requests comments on appropriate transition rules and effective dates, any
Treasury regulations or other guidance promulgated after consideration of these issues could materially and adversely affect the tax
consequences of an investment in the securities, including the character and timing of income or loss and the degree, if any, to
which income realized by non-U.S. persons should be subject to withholding tax, possibly with retroactive effect.
Possible Withholding Under Section 871(m) of the Code. As discussed under "United States Federal Tax Considerations
--Tax Consequences to Non-U.S. Holders" in the accompanying product supplement, Section 871(m) of the Code and Treasury
regulations promulgated thereunder ("Section 871(m)") generally impose a 30% withholding tax on dividend equivalents paid or
deemed paid to Non-U.S. Holders with respect to certain financial instruments linked to U.S. equities ("U.S. Underlying Equities") or
indices that include U.S. Underlying Equities. Section 871(m) generally applies to instruments that substantially replicate the
economic performance of one or more U.S. Underlying Equities, as determined based on tests set forth in the applicable Treasury
regulations (a "Specified Security"). However, the regulations exempt financial instruments issued in 2017 that do not have a "delta"
of one. Based on the terms of the securities and representations provided by us, our counsel is of the opinion that the securities
should not be treated as transactions that have a "delta" of one within the meaning of the regulations with respect to any U.S.
Underlying Equity and, therefore, should not be Specified Securities subject to withholding tax under Section 871(m).
A determination that the securities are not subject to Section 871(m) is not binding on the IRS, and the IRS may disagree with this
treatment. Moreover, Section 871(m) is complex and its application may depend on your particular circumstances. For example, if
you enter into other transactions relating to the underlier, you could be subject to withholding tax or income tax liability under
Section 871(m) even if the securities are not Specified Securities subject to Section 871(m) as a general matter. You should
consult your tax adviser regarding the potential application of Section 871(m) to the securities.
If withholding tax applies to the securities, we will not be required to pay any additional amounts with respect to amounts withheld.
You should read the section entitled "United States Federal Tax Considerations" in the accompanying
product supplement. The preceding discussion, when read in combination with that section, constitutes the
full opinion of Davis Polk & Wardwell LLP regarding the material U.S. federal tax consequences of owning
and disposing of the securities.
You should also consult your tax adviser regarding all aspects of the U.S. federal income and estate tax
consequences of an investment in the securities and any tax consequences arising under the laws of any
state, local or non-U.S. taxing jurisdiction.

June 2017
PS-8
Citigroup Global Markets Holdings Inc.
Buffer Securities Based on the Dow Jones Industrial AverageTM Due June 30, 2022

Supplemental Plan of Distribution
CGMI, an affiliate of Citigroup Global Markets Holdings Inc. and the underwriter of the sale of the securities, is acting as principal
and will receive an underwriting fee of $30.00 for each $1,000 security sold in this offering (or up to $5.00 per security in the case
of sales to fee-based advisory accounts). From this underwriting fee, CGMI will pay selected dealers not affiliated with CGMI and
their financial advisors collectively a fixed selling concession of $30.00 for each $1,000 security they sell to accounts other than
fee-based advisory accounts. CGMI will pay selected dealers not affiliated with CGMI, which may include dealers acting as
custodians, a variable selling concession of up to $5.00 for each $1,000 security they sell to fee-based advisory accounts.
CGMI is an affiliate of ours. Accordingly, this offering will conform with the requirements addressing conflicts of interest when
distributing the securities of an affiliate set forth in Rule 5121 of the Financial Industry Regulatory Authority. Client accounts over
which Citigroup Inc. or its subsidiaries have investment discretion will not be permitted to purchase the securities, either directly or
indirectly, without the prior written consent of the client.
See "Plan of Distribution; Conflicts of Interest" in the accompanying product supplement and "Plan of Distribution" in each of the
accompanying prospectus supplement and prospectus for additional information.

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