New Issue: Citi sells $1.54 million enhanced barrier digital securities on Dow, S&P

By William Gullotti

Buffalo, N.Y., May 18 – Citigroup Global Markets Holdings Inc. priced $1.54 million of 0% enhanced barrier digital securities due June 16, 2023 linked to the worst performing of the S&P 500 index and the Dow Jones industrial average, 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 index is greater than or equal to 70% of its initial level, the payout at maturity will be par plus 8.8%.

If any index falls by more than 30%, the payout will be par plus the return of the worst performing index 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 indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$1.54 million
Maturity:	June 16, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the final level of each index is greater than 70% of its initial level, par plus 8.8%; otherwise, lose 1% for every 1% decline of the worst performer from its initial level
Initial levels:	32,196.66 for Dow, 4,023.89 for S&P
Barrier levels:	22,537.662 for Dow, 2,816.723 for S&P; 70% of initial levels
Pricing date:	May 13
Settlement date:	May 18
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.433%
Cusip:	17330FXU0

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