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Published on 4/23/2020 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $1 million barrier securities on linked to Dow, Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, April 23 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% barrier securities due April 23, 2021 linked to the worst performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 119.25% of the worst performing index if all three underliers finish above their initial level.

If the worst performer declines, but not more than 30%, the payout at maturity will be par.

Otherwise, investors will be fully exposed to the decline of the worst performing index.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Barrier securities
Underlying indexes:Dow Jones industrial average, Russell 2000 and the S&P 500
Amount:$1 million
Maturity:April 23, 2021
Coupon:0%
Price:Par
Payout at maturity:Par plus 119.25% of return of worst performing index, if all three finish positive; par if worst performer declines, but not more than 30%; otherwise full exposure to decline of worst performer
Initial index levels:24,242.49 for Dow, 1,229.098 for Russell, 2,874.56 for S&P 500
Barrier levels:16,969.743 for Dow, 860.369 for Russell, 2,012.192 for S&P 500; 70% of initial levels
Pricing date:April 17
Settlement date:April 22
Underwriter:Citigroup Global Markets Inc.
Fees:0.6%
Cusip:17328VMZ0

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