New Issue: Citigroup prices $10.95 million enhanced barrier digital notes on Dow, S&P

By Kiku Steinfeld

Chicago, Aug. 3 – Citigroup Global Markets Holdings Inc. priced $10.95 million of 0% enhanced barrier digital securities due Aug. 1, 2022 linked to the worst performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final level of the lesser-performing index is greater than or equal to its final barrier level, 80% of the initial index level, the payout at maturity will be par plus 13.75%. Otherwise, investors will be fully exposed to the lesser performing index’s decline from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Enhanced barrier digital securities
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$10,950,000
Maturity:	Aug. 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level of lesser performing index is greater than or equal to barrier level, par plus 13.75%; otherwise, full exposure to lesser performing index’s decline from initial level
Initial levels:	3,215.63 for S&P, 26,469.89 for Dow
Barrier level:	2,572.504 for S&P, 21,175.912 for Dow, 80% of initial level
Pricing date:	July 24
Settlement date:	July 31
Underwriter:	Citigroup Global Markets Inc.
Fees:	2%
Cusip:	17328WHU5

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