New Issue: Citi sells $5.07 million enhanced barrier digital securities on S&P, Russell

By William Gullotti

Buffalo, N.Y., June 21 – Citigroup Global Markets Holdings Inc. priced $5.07 million of 0% enhanced barrier digital securities due July 19, 2023 linked to the worst performing of the Russell 2000 index and the S&P 500 index, 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 10.5%.

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, Russell 2000 index
Amount:	$5,067,000
Maturity:	July 19, 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 10.5%; otherwise, lose 1% for every 1% decline of the worst performer from its initial level
Initial levels:	3,735.48 for S&P, 1,707.829 for Russell
Barrier levels:	2,614.836 for S&P, 1,195.48 for Russell; 70% of initial levels
Pricing date:	June 14
Settlement date:	June 17
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.43%
Cusip:	17330PU31

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