New Issue: Citigroup prices $5.23 million barrier digital plus securities tied to the Dow

By Toni Weeks

San Luis Obispo, Calif., Jan. 30 – Citigroup Inc. priced $5.23 million of 0% barrier digital plus securities due Jan. 30, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the greater of the 26% fixed return and the index return.

If the final index level is less than the initial level but greater than or equal to the barrier level – 80% of the initial level – the payout at maturity will be par.

If the index falls below the barrier level, investors will be fully exposed to the index decline.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Barrier digital plus securities
Underlying index:	Dow Jones industrial average
Amount:	$5,226,000
Maturity:	Jan. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial level, par plus greater of index return and 26%; if final index level is less than initial level but greater than or equal to barrier level, par; if index finishes below barrier level, full exposure to index’s decline
Initial index level:	17,387.21
Barrier level:	13,909.768, 80% of initial level
Pricing date:	Jan. 27
Settlement date:	Jan. 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	3%
Cusip:	1730T03T4

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