New Issue: Citigroup prices $547,000 enhanced barrier digital plus notes on iShares Russell

By Taylor Fox

Chicago, July 29 – Citigroup Global Markets Holdings Inc. priced $547,000 of 0% enhanced barrier digital plus securities due Jan. 29, 2024 linked to the iShares Russell 2000 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the ETF finishes at or above the barrier value, 80% of the initial value, the payout at maturity will be par plus the greater of 10% and the ETF return, subject to a maximum return of 33%.

If the ETF finishes below the 80% barrier level, investors will receive a number of shares of the ETF equal to $1,000 divided by the initial price or, at the issuer’s option, the cash value of those shares.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Enhanced barrier digital plus securities
Underlying ETF:	iShares Russell 2000 ETF
Amount:	$547,000
Maturity:	Jan. 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF finishes at or above the barrier value, par plus the greater of 10% and the ETF return, capped at 33%; otherwise, 6.84556 shares of the ETF per note or, at the issuer’s option, the cash value of those shares
Initial value:	$146.08
Barrier value:	$116.864, 80% of initial value
Pricing date:	July 24
Settlement date:	July 29
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.25%
Cusip:	17324XM49

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