New Issue: Citi sells $8.71 million enhanced barrier digital securities on S&P, ARK ETF

By Wendy Van Sickle

Columbus, Ohio, May 13 – Citigroup Global Markets Holdings Inc. priced $8.71 million of 0% enhanced barrier digital securities due June 15, 2023 linked to the worst performing of the ARK Innovation ETF and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If neither index has ever closed below its 50% barrier level during the life of the notes, the payout at maturity will be par plus 28%.

Otherwise, investors will be fully exposed to any decline of the laggard index or receive par if both indexes finish at or above their initial levels.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Enhanced barrier digital securities
Underlying indexes:	S&P 500 index, ARK Innovation ETF
Amount:	$8,713,000
Maturity:	June 15, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If neither index has closed below 50% of its initial level during life of notes, par plus 28%; otherwise, 1% loss for every 1% decline of the worst performer from its initial level or par if neither index finishes below initial level
Initial levels:	4,3123.34 for S&P, $45.63 for ARK
Barrier levels:	2,061.67 for S&P, $22.815 for ARK; 50% of initial levels
Pricing date:	May 10
Settlement date:	May 13
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.25%
Cusip:	17330FTG6

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