New Issue: Citigroup prices $1.25 million barrier digital plus securities on Dow, S&P

By Wendy Van Sickle

Columbus, Ohio, Jan. 27 – Citigroup Global Markets Holdings Inc. priced $1.25 million of 0% barrier digital plus securities due Jan. 6, 2028 linked to the worst performing of the S&P 500 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 55%.

If either index falls but finishes above the 70% barrier level, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier digital plus securities
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$1.25 million
Maturity:	Jan. 6, 2028
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 55%; par if either index falls by up to 30%; otherwise, full exposure to worst performing index’s decline from initial level
Initial levels:	3,849.28 for S&P, 33,220.8 for Dow
Barrier levels:	2,694.496 for S&P, 23,254.56 for Dow; 70% of initial levels
Pricing date:	Dec. 29
Settlement date:	Jan. 4
Agent:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17330YZC7

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