New Issue: Citigroup sells $1.53 million barrier digital plus notes tied to S&P 500

By Tali Rackner

Norfolk, Va., April 8 – Citigroup Inc. priced $1.53 million of 0% barrier digital plus securities due April 4, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the gain and the fixed return of 15%.

If the index falls but finishes above the 80% barrier level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Inc.
Issue:	Barrier digital plus securities
Underlying index:	S&P 500
Amount:	$1,531,000
Maturity:	April 4, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If final index level is greater than or equal to initial, par plus greater of index return and 15%; if index falls by up to 20%, par; otherwise, full exposure to index’s decline from initial level
Initial level:	2,063.95
Barrier level:	1,651.16 80% of initial level
Pricing date:	March 30
Settlement date:	April 4
Agent:	Citigroup Global Markets Inc.
Fees:	2.25%
Cusip:	17298CB72

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