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Published on 6/17/2020 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $1.58 million barrier securities linked to indexes

By Sarah Lizee

Olympia, Wash., June 17 – Citigroup Global Markets Holdings Inc. priced $1.58 million of 0% barrier securities due June 16, 2025 linked to the worst performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 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 193% of the worst performing index if all three underliers finish above their initial levels.

If the worst performer declines, but not more than 30%, the payout at maturity will be par.

Otherwise, investors will be fully exposed to the decline of the worst performing index.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Barrier securities
Underlying indexes:Dow Jones industrial average, Nasdaq-100 and the Russell 2000
Amount:$1,575,000
Maturity:June 16, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus 193% of return of worst performing index, if all three finish positive; par if worst performer declines, but not more than 30%; otherwise full exposure to decline of worst performer
Initial index levels:25,128.17 for Dow, 9,588.479 for Nasdaq, 1,356.224 for Russell
Barrier levels:17,589.719 for Dow, 6,711.935 for Nasdaq, 949.357 for Russell; 70% of initial levels
Pricing date:June 11
Settlement date:June 16
Underwriter:Citigroup Global Markets Inc.
Fees:1.125%
Cusip:17328VHP8

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