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Published on 10/28/2021 in the Prospect News Structured Products Daily.

New Issue: Citi sells $12 million enhanced barrier digital securities on QQQ, S&P

By Wendy Van Sickle

Columbus, Ohio, Oct. 28 – Citigroup Global Markets Holdings Inc. priced $12 million of 0% enhanced barrier digital securities due April 8, 2022 linked to the worst performing of the S&P 500 index and the Invesco QQQ trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final level of each asset is greater than or equal to 75% of its initial level, the payout at maturity will be par plus 4.02%.

If any asset falls by more than 25%, the payout will be par plus the return of the worst performing asset with full exposure to losses.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Enhanced barrier digital securities
Underlying assets:S&P 500 index, Invesco QQQ trust, series 1
Amount:$12 million
Maturity:April 8, 2022
Coupon:0%
Price:Par
Payout at maturity:If the final level of each asset is greater than 75% of its initial level, par plus 4.02%; otherwise, lose 1% for every 1% decline of the worst performer from its initial level
Initial levels:$352.62 for QQQ, 4,300.46 for S&P
Barrier levels:$264.465 for QQQ, 3,225.345 for S&P; 75% of initial levels
Pricing date:Oct. 5
Settlement date:Oct. 8
Underwriter:Citigroup Global Markets Inc.
Fees:0.2%
Cusip:17329U7M7

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