New Issue: Citi sells $1.35 million enhanced barrier digital plus securities on bank stocks

By Sarah Lizee

Olympia, Wash., July 2 – Citigroup Global Markets Holdings Inc. priced $1.35 million of 0% enhanced barrier digital plus securities due Jan. 3, 2022 linked to the worst performing of the common stocks of Bank of America Corp., Goldman Sachs Group, Inc. and JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final level of each stock is greater than 65% of its initial level, the payout at maturity will be par plus 20%.

If any stock falls by more than 35%, the payout will be par plus the return of the worst performing stock with full exposure to losses.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Enhanced barrier digital plus securities
Underlying stocks:	Bank of America Corp., Goldman Sachs Group, Inc. and JPMorgan Chase & Co.
Amount:	$1,348,000
Maturity:	Jan. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final level of each stock is greater than 65% of its initial level, par plus 20%; if any stock falls by more than 35%, par plus the return of the worst performing stock with full exposure to losses
Initial levels:	$23.81 for BofA, $198.02 for Goldman, $94.66 for JPMorgan
Barrier levels:	$15.477 for BofA, $128.713 for Goldman, $61.529 for JPMorgan; 65% of initial levels
Pricing date:	June 24
Settlement date:	July 1
Agent:	Citigroup Global Markets Inc.
Fees:	None
Cusip:	17328VNT3

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