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Published on 4/28/2020 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $314,000 barrier securities on linked to Dow, Nasdaq, S&P

By Wendy Van Sickle

Columbus, Ohio, April 28 – Citigroup Global Markets Holdings Inc. priced $314,000 of 0% barrier securities due April 29, 2025 linked to the worst performing of the Dow Jones industrial average, the Nasdaq-100 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 165% 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, Nasdaq-100 and the S&P 500
Amount:$314,000
Maturity:April 29, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus 165% 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:23,775.27 for Dow, 8,786.604 for Nasdaq, 2,836.74 for S&P 500
Barrier levels:16,642.689 for Dow, 6,150.623 for Nasdaq, 1,985.718 for S&P 500; 70% of initial levels
Pricing date:April 24
Settlement date:April 29
Underwriter:Citigroup Global Markets Inc.
Fees:4.125%
Cusip:17328VJ68

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