New Issue: Citigroup sells $30,000 of buffered digital notes linked to Disney

By Marisa Wong

Los Angeles, May 13 – Citigroup Global Markets Holdings Inc. priced $30,000 of 0% buffered digital securities due May 14, 2021 linked to the common stock of Walt Disney Co., 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 the buffer price, 85% of its initial price, the payout at maturity will be par plus the fixed return of 11.3%. Otherwise, investors will receive a number of Disney shares equal to $10,000 divided by the buffer price.

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

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered digital notes
Underlying stock:	Walt Disney Co. (Symbol: DIS)
Amount:	$30,000
Maturity:	May 14, 2021
Coupon:	0%
Price:	Par of $10,000
Payout at maturity:	If stock gains, finishes flat or falls by up to 15%, par plus 11.3%; otherwise, 110.76773 shares
Initial price:	$106.21
Buffer price:	$90.279, 85% of initial price
Final price:	Average of closing share prices on five trading days ending May 11, 2021
Strike date:	April 28
Pricing date:	April 29
Settlement date:	May 4
Underwriter:	Citigroup Global Markets Inc.
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	17328VHT0

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