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Published on 8/28/2020 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $74,000 enhanced barrier digital notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Aug. 28 – Citigroup Global Markets Holdings Inc. priced $74,000 of 0% enhanced barrier digital securities due July 29, 2022 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final level of each index is greater than its initial level, the payout at maturity will be par plus 10%.

If any index falls by up to 30%, the payout will be par.

If any index falls by more than 30%, the payout will be par plus the return of the worst performing index with full exposure to losses.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Enhanced barrier digital securities
Underlying indexes:S&P 500 index, Russell 2000 index
Amount:$74,000
Maturity:July 29, 2022
Coupon:0%
Price:Par
Payout at maturity:If the final level of each index is greater than its initial level, par plus 10%; if any index falls by up to 30%, par; if any index falls by more than 30%, par plus the return of the worst performing index with full exposure to losses
Initial levels:3,478.73 for S&P, 1,560.193 for Russell
Barrier levels:2,435.111 for S&P, 1,092.135 for Russell; 70% of initial levels
Pricing date:Aug. 26
Settlement date:Aug. 31
Agent:Citigroup Global Markets Inc.
Fees:2.375%
Cusip:17328W6X1

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