New Issue: Citigroup sells $3.1 million enhanced barrier digital plus notes tied to S&P 500

By Devika Patel

Knoxville, Tenn., March 30 – Citigroup Inc. priced $3.1 million of 0% enhanced barrier digital plus securities due April 1, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the barrier level, 80% of the initial index level, the payout at maturity will be par plus the greater of the index return and 25%. Otherwise, investors will be fully exposed to the index’s decline from its initial level.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Inc.
Issue:	Enhanced barrier digital plus securities
Underlying index:	S&P 500
Amount:	$3.1 million
Maturity:	April 1, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to barrier level, par plus greater of index return and 25%; otherwise, full exposure to index’s decline from initial level
Initial level:	2,037.05
Barrier level:	1,629.64, 80% of initial level
Pricing date:	March 28
Settlement date:	March 31
Agent:	Citigroup Global Markets Inc.
Fees:	3%
Cusip:	17298CB23

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