New Issue: Citigroup prices $5.3 million barrier digital plus notes on S&P 500

By Marisa Wong

Madison, Wis., May 29 – Citigroup Inc. priced $5.3 million of 0% barrier digital plus securities due June 1, 2020 linked to the S&P 500 index, 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 index return and the fixed return amount of 26%.

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 will be par.

If the index finishes below the barrier level, investors will be fully exposed to the index’s decline.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Barrier digital plus securities
Underlying index:	S&P 500
Amount:	$5,302,000
Maturity:	June 1, 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:	2,123.48
Barrier level:	1,698.784, 80% of initial level
Pricing date:	May 27
Settlement date:	June 1
Underwriter:	Citigroup Global Markets Inc.
Fees:	3%
Cusip:	17298CAH1

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