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Published on 7/16/2020 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $568,000 barrier securities linked to indexes

By Wendy Van Sickle

Columbus, Ohio, July 16 – Citigroup Global Markets Holdings Inc. priced $568,000 of 0% barrier securities due July 10, 2025 linked to the worst performing of the Dow Jones industrial average, the S&P 500 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 150% 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, S&P 500 and the Russell 2000
Amount:$568,000
Maturity:July 10, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus 150% 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:26,287.03 for Dow, 3,179.72 for S&P, 1,442.882 for Russell
Barrier levels:18,400.921 for Dow, 2,225.804 for S&P, 1,010.017 for Russell; 70% of initial levels
Pricing date:July 6
Settlement date:July 9
Underwriter:Citigroup Global Markets Inc.
Fees:4.125%
Cusip:17328W3L0

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