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Published on 4/27/2021 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $20 million capped return enhanced notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, April 27 – Citigroup Global Markets Holdings Inc. priced $20 million of 0% capped return enhanced notes due July 25, 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 index return is positive, the payout at maturity will be par plus 3 times the index gain, subject to a maximum return of 25.56%. If the index return is negative, investors will have one-to-one exposure to the decline.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Capped return enhanced notes
Underlying index:Euro Stoxx 50 index
Amount:$20 million
Maturity:July 25, 2025
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 3 times gain, return capped at 25.56%; if index return is negative, one-to-one exposure to decline
Initial level:3,940.46
Pricing date:April 20
Settlement date:April 23
Agent:Citigroup Global Markets Inc.
Fees:0.5%
Cusip:17329FNY6

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