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Published on 9/23/2019 in the Prospect News Structured Products Daily.

New Issue: Citi sells $1.5 million enhanced barrier digital securities on Russell, S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, Sept. 23 – Citigroup Global Markets Holdings Inc. priced $1.5 million of 0% enhanced barrier digital securities due Sept. 20, 2024 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 will be guaranteed by Citigroup Inc.

If the least performing index finishes at or above its barrier level, 55% of the initial level, the payout at maturity will be par plus 28%.

Otherwise, investors will be fully exposed to the decline in the least performing index.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Enhanced barrier digital securities
Underlying indexes:Dow Jones industrial average, S&P 500 index, Russell 2000 index
Amount:$1,503,000
Maturity:Sept. 20, 2024
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above barrier level, par plus 28%; otherwise, full exposure to loss of least performing index
Initial index levels:27,110.8 for Dow, 3,005.7 for S&P, 1,578.29 for Russell
Barrier levels:14,910.94 for Dow, 1,653.135 for S&P, 868.06 for Russell, 55% of initial levels
Pricing date:Sept. 17
Settlement date:Sept. 20
Agent:Citigroup Global Markets Inc.
Fees:1.125%
Cusip:17327TKH8

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