New Issue: Citi sells $1.6 million three-month dual digital securities on S&P, USD/JPY exchange rate

By William Gullotti

Buffalo, N.Y., July 6 – Citigroup Global Markets Holdings Inc. priced $1.6 million of 0% dual digital securities due Sept. 23, 2022 linked to the S&P 500 index and the U.S. dollar/Japanese yen exchange rate, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be guaranteed by Citigroup Inc.

If the final value of both underliers is below the 95% final barrier, the payout at maturity will be $9,279.95 per $1,000 security.

If either of the underliers finish at or above its final barrier, investors will receive a lower digital payout of $232.07 per $1,000 security, representing a 76.793% loss of the initial investment at maturity.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Dual digital securities
Underlyings:	S&P 500 index, U.S. dollar/Japanese yen exchange rate
Amount:	$1,595,000
Maturity:	Sept. 23, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final value of each underlier is less than its respective final barrier, $9,279.95 per security; if only one underlier finishes below its final barrier, $232.07 per security
Initial values:	3,821.15 for S&P 500, 136.86 for USD/JPY
Final barriers:	3,630.09 for S&P, 130.01 for USD/JPY; 95% of initial values
Pricing date:	June 29
Settlement date:	July 7
Agent:	Citigroup Global Markets Inc.
Fees:	None
Cusip:	17330N724

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