Published on 3/4/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $2.12 million enhanced barrier digital plus notes on S&P, Dow
By Wendy Van Sickle
Columbus, Ohio, March 4 – Citigroup Global Markets Holdings Inc. priced $2.12 million of 0% enhanced barrier digital plus securities due March 1, 2024 linked to the worst performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If final level of the lesser-performing index is greater than or equal to its upper barrier level, 115% of its initial level, the payout at maturity will be par plus the greater of the lesser performing index return and 48.95%.
If the final level of the lower performing index is less than the upper digital barrier, but greater than the lower digital barrier, 60% of its initial level, the payout will be par plus 15%. Otherwise, investors will be fully exposed to the decline of the lesser-performing index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Enhanced barrier digital plus securities
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| Underlying indexes: | S&P 500, Dow Jones industrial average
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| Amount: | $2,115,000
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| Maturity: | March 1, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of the lesser-performing index is greater than or equal to its upper barrier level, par plus greater of lesser performing index return and 48.95%; if final level of lower performing index is less than upper digital barrier, but greater than lower digital barrier, par plus 15%; otherwise, investors will be fully exposed to the decline of the lesser-performing index from its initial level
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| Initial levels: | 2,792.38 for S&P, 25,985.16 for Dow
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| Upper digital barriers: | 3,211.237 for S&P, 29,882.934 for Dow; 115% of initial levels
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| Lower digital barriers: | 1,675.428 for S&P, 15,591.096 for Dow; 60% of initial levels
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| Pricing date: | Feb. 27
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| Settlement date: | March 4
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
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| Cusip: | 17326YSV9
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