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Published on 4/29/2020 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $610,000 of buffered digital notes on Home Depot

By Wendy Van Sickle

Columbus, Ohio, April 29 – Citigroup Global Markets Holdings Inc. priced $610,000 of 0% buffered digital securities due May 11, 2021 linked to the class A common stock of Home Depot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the stock finishes at or above its initial level or falls by up to 20%, the payout at maturity will be par plus the fixed return of 11.6%. Otherwise, investors will receive 61.78331 Home Depot shares.

Citigroup Global Markets Inc. is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are acting as placement agents.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffered digital notes
Underlying stock:Home Depot, Inc.
Amount:$610,000
Maturity:May 11, 2021
Coupon:0%
Price:Par of $10,000
Payout at maturity:If stock gains or it falls by up to 20%, par plus 11.6%; otherwise, 61.78331 shares
Initial level:$202.32
Buffer level:$161.856, 80% of initial level
Strike date:April 23
Pricing date:April 24
Settlement date:April 29
Underwriter:Citigroup Global Markets Inc.
Placement agents:J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:1%
Cusip:17328VM72

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