New Issue: Citi sells $3 million enhanced barrier digital securities on Nasdaq, Russell

By William Gullotti

Buffalo, N.Y., Aug. 9 – Citigroup Global Markets Holdings Inc. priced $3 million of 0% enhanced barrier digital securities due Aug. 1, 2025 linked to the worst performing of the Nasdaq-100 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 or equal to 60% of its initial level, the payout at maturity will be par plus 25.05%.

If any index falls by more than 40%, 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:	Nasdaq-100 index, Russell 2000 index
Amount:	$3 million
Maturity:	Aug. 1, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the final level of each index is greater than 60% of its initial level, par plus 25.05%; otherwise, lose 1% for every 1% decline of the worst performer from its initial level
Initial levels:	12,947.97 for Nasdaq, 1,885.23 for Russell
Barrier levels:	7,768.782 for Nasdaq, 1,131.138 for Russell; 60% of initial levels
Pricing date:	July 29
Settlement date:	Aug. 3
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.95%
Cusip:	17330PVU0

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