New Issue: Citigroup prices $1.78 million enhanced barrier digital plus notes on SPDR Dow ETF

By Marisa Wong

Morgantown, W.Va., Aug. 2 – Citigroup Global Markets Holdings Inc. priced $1.78 million of 0% enhanced barrier digital plus securities due July 29, 2022 linked to the SPDR Dow Jones industrial average ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the fund finishes at or above the barrier price, 80% of the initial price, the payout at maturity will be par plus the greater of the fund return and 18%. Otherwise, investors will receive a number of ETF shares equal to $1,000 divided by the initial price or, at the issuer’s option, the cash equivalent.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Enhanced barrier digital plus securities
Underlying fund:	SPDR Dow Jones industrial average ETF trust
Amount:	$1,778,000
Maturity:	July 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If fund finishes at or above the barrier price, par plus the greater of the fund return and 18%; otherwise, 4.61233 ETF shares or, at the issuer’s option, the cash equivalent
Initial price:	$216.81
Barrier price:	$173.448, 80% of initial price
Pricing date:	July 26
Settlement date:	July 31
Underwriter:	Citigroup Global Markets Inc.
Fees:	3%
Cusip:	17324XCL2

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