New Issue: Citigroup sells $1.21 million enhanced barrier digital plus notes on Nvidia

By Kiku Steinfeld

Chicago, Oct. 6 – Citigroup Global Markets Holdings Inc. priced $1.21 million of 0% enhanced barrier digital plus securities due Feb. 27, 2023 linked to Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above its 72% barrier level, the payout at maturity will be par plus the greater of 7% and any gain, capped at par plus 30%.

Otherwise, investors will receive a number of shares equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Enhanced barrier digital plus securities
Underlying stock:	Nvidia Corp.
Amount:	$1,211,000
Maturity:	Feb. 27, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock finishes at or above its 72% barrier level, par plus the greater 7% and any gain, capped at par plus 30%; otherwise, investors will receive 3.77430 Nvidia shares or, at the issuer’s option, an amount in cash equal to the value of those shares
Initial price:	$264.95
Barrier:	$190.764, 72% of initial price
Pricing date:	Feb. 15
Settlement date:	Feb. 18
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.25%
Cusip:	17328N2D9

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