New Issue: Citigroup prices $4.45 million enhanced barrier digital plus notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 28 – Citigroup Inc. priced $4.45 million of 0% enhanced barrier digital plus securities due Jan. 29, 2021 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 barrier level, 80% of the initial index level, the payout at maturity will be par plus the greater of the index return and 23%. Otherwise, investors will be fully exposed to the index’s decline from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Enhanced barrier digital plus securities
Underlying index:	S&P 500
Amount:	$4,447,000
Maturity:	Jan. 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to barrier level, par plus greater of index return and 23%; otherwise, full exposure to index’s decline from initial level
Initial level:	1,903.63
Barrier level:	1,522.904, 80% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 26
Underwriter:	Citigroup Global Markets Inc.
Fees:	3%
Cusip:	17298C5M6

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