New Issue: Citigroup prices $1.72 million barrier digital plus securities on Dow, Russell

By Kiku Steinfeld

Chicago, April 20 – Citigroup Global Markets Holdings Inc. priced $1.72 million of 0% barrier digital plus securities due Sept. 30, 2027 linked to the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If each index finishes at or above the initial level, the payout at maturity will be par plus the greater of the least performing index’s gain and the fixed return of 33%.

If either index falls but finishes above the 75% barrier level, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the worst performing index.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier digital plus securities
Underlying indexes:	Russell 2000 index, Dow Jones industrial average
Amount:	$1,719,000
Maturity:	Sept. 30, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each final index level is greater than or equal to initial levels, par plus greater of least performing index’s return and 33%; par if either index falls by up to 25%; otherwise, full exposure to worst performing index’s decline from initial level
Initial levels:	2,281.003 for Russell, 34,869.37 for Dow
Barrier levels:	1,710.752 for Russell, 26,152.028 for Dow; 75% of initial levels
Pricing date:	Sept. 27, 2021
Settlement date:	Sept. 30, 2021
Underwriter:	Citigroup Global Markets Inc.
Fees:	4.35%
Cusip:	17329QT67

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