New Issue: Citigroup prices $3 million trigger digital notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Feb. 12 – Citigroup Global Markets Holdings Inc. priced $3 million of 0% trigger digital securities due Feb. 11, 2021 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 15% unless the lesser performing index finishes below the 55% downside threshold, in which case investors will be fully exposed to any losses.

UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Trigger digital securities
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$3 million
Maturity:	Feb. 11, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 15% unless lesser performing index finishes below 70% downside threshold, in which case full exposure to any losses
Initial share price:	1,507.168 for Russell, 2,695.14 for S&P
Downside threshold:	828.942 for Russell, 1,482.327 for S&P, 55% of initial share price
Pricing date:	Feb. 7
Settlement date:	Feb. 12
Agents:	UBS Financial Services Inc., Citigroup Global Markets Inc.
Fees:	2.5%
Cusip:	17325E720

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