New Issue: Citigroup sells $1.62 million contingent barrier digital notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Sept. 7 – Citigroup Global Markets Holdings Inc. priced $1.62 million of 0% contingent barrier digital notes due Sept. 14, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be par plus 6.4%.

If the final index level is less than the 85% barrier level, investors will lose 1% for every 1% that the index declines from its initial level.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as the placement agents.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Contingent barrier digital notes
Underlying index:	S&P 500 index
Amount:	$1,617,000
Maturity:	Sept. 14, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 6.4% unless index falls by more than 15%, in which case 1% loss for every 1% that index declines from initial level
Initial level:	4,509.37
Barrier value:	3,832.965, 85% of initial level
Final level:	Average of index closing levels for five trading days ending Sept. 9, 2022
Pricing date:	Aug. 27
Settlement date:	Sept. 1
Underwriter:	Citigroup Global Markets Inc. with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1%
Cusip:	17329QAT7

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