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Published on 12/25/2020 in the Prospect News Structured Products Daily.

New Issue: Citi prices $3.08 million buffered digital notes linked to Russell 2000

By Kiku Steinfeld

Chicago, Dec. 30 – Citigroup Global Markets Holdings Inc. priced $3.08 million of 0% buffered digital notes due Aug. 3, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final level of the index is greater than or equal to 90% of the initial level, the payout at maturity will be par plus 12.7%. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffered digital notes
Underlying index:Russell 2000
Amount:$3,075,000
Maturity:Aug. 3, 2022
Coupon:0%
Price:Par
Payout at maturity:If the final index level is greater or equal to 90% of the initial level, par plus 12.7%; otherwise, 1.1111% loss for every 1% decline beyond 10%
Initial index level:1,819.816
Pricing date:Nov. 30
Settlement date:Dec. 7
Underwriter:Citigroup Global Markets Inc.
Fees:1.25%
Cusip:17328Y3S1

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