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Published on 9/12/2020 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $1.19 million enhanced barrier digital plus notes on Euro Stoxx 50

By Taylor Fox

New York, Sept. 14 – Citigroup Global Markets Holdings Inc. priced $1.19 million of 0% enhanced barrier digital plus securities due Sept. 3, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final index level is greater than or equal to the barrier level, 80% of the initial index level, the payout at maturity will be par plus the greater of the index return and 20%. Otherwise, investors will lose 1% for each 1% decline from the initial level.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Enhanced barrier digital plus securities
Underlying index:Euro Stoxx 50
Amount:$1,191,000
Maturity:Sept. 3, 2025
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than or equal to barrier level, par plus greater of index return and 20%; otherwise, 1% loss for each 1% decline from initial level
Initial level:3,315.54
Barrier level:2,652.432, 80% of initial level
Pricing date:Aug. 28
Settlement date:Sept. 2
Agent:Citigroup Global Markets Inc.
Fees:2.75%
Cusip:17328WES3

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