New Issue: Citigroup sells $1.26 million of barrier notes tied to S&P 500, Russell

By Susanna Moon

Chicago, March 9 – Citigroup Global Markets Holdings Inc. priced $1.26 million of 0% barrier digital securities due Feb. 28, 2023 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level, the payout at maturity will be par plus 3.5 times the gain of the worse performing index up to a maximum return of 50%.

If either index falls by up to its 60% barrier level, the payout will be par.

Otherwise, investors will receive par plus the return of the worse performing index with full exposure to any losses.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier securities
Underlying indexes:	Russell 2000, S&P 500
Amount:	$1,259,000
Maturity:	Feb. 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 3.5 times return of worse performing index, capped at 50%; if either index falls by up to 40%, par; otherwise, par plus return of worse performing index
Initial levels:	2,747.30 for S&P, 1,549.186 for Russell
Barrier levels:	1,648.38 for S&P, 929.512 for Russell; 60% of initial levels
Pricing date:	Feb. 23
Settlement date:	Feb. 27
Agent:	Citigroup Global Markets Inc.
Fees:	4.125%
Cusip:	17324CRN8

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