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Published on 4/28/2020 in the Prospect News Structured Products Daily.

New Issue: Citi prices $250,000 upturn securities tied to three indexes

By Sarah Lizee

Olympia, Wash., April 28 – Citigroup Global Markets Holdings Inc. priced $250,000 of 0% upturn securities due April 27, 2023 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 190% of the gain of the least performing index.

Investors will be exposed to any losses of the least performing index.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Upturn securities
Underlying indexes:Dow Jones industrial average, Russell 2000 index and S&P 500 index
Amount:$250,000
Maturity:April 27, 2023
Coupon:0%
Price:Par
Payout at maturity:Par plus 190% of gain of least performing index; 1% loss per 1% decline of least performing index
Initial levels:23,515.26 for Dow, 1,214.065 for Russell, 2,797.80 for S&P
Pricing date:April 23
Settlement date:April 28
Underwriter:Citigroup Global Markets Inc.
Fees:0.75%
Cusip:17328VXN5

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