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Published on 9/28/2020 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $592,000 barrier securities on linked to Dow, Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Sept. 28 – Citigroup Global Markets Holdings Inc. priced $592,000 of 0% barrier securities due Sept. 19, 2025 linked to the worst performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 160% of the worst performing index if all three underliers finish above their initial level.

If the worst performer declines, but not more than 30%, the payout at maturity will be par.

Otherwise, investors will be fully exposed to the decline of the worst performing index.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Barrier securities
Underlying indexes:Dow Jones industrial average, Russell 2000 and the S&P 500
Amount:$592,000
Maturity:Sept. 19, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus 160% of return of worst performing index, if all three finish positive; par if worst performer declines, but not more than 30%; otherwise full exposure to decline of worst performer
Initial index levels:3,385.49 for S&P, 1,552.329 for Russell, 28,032.38 for Dow
Barrier levels:2,369.843 for S&P, 1,086.63 for Russell, 19,622.666 for Dow; 70% of initial levels
Pricing date:Sept. 16
Settlement date:Sept. 21
Underwriter:Citigroup Global Markets Inc.
Fees:1.125%
Cusip:17328WD96

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