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Published on 9/20/2018 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $750,000 enhanced barrier digital notes on two ETFs

By Wendy Van Sickle

Columbus, Ohio, Sept. 20 – Citigroup Global Markets Holdings Inc. priced $750,000 of 0% enhanced barrier digital securities due March 19, 2020 linked to the worst performing of the SPDR S&P Oil & Gas Exploration & Production ETF and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final level of the lesser-performing ETF is greater than or equal to its barrier level, 75% of its initial level, the payout at maturity will be par plus 19.5%. Otherwise, investors will be fully exposed to the decline of the lesser-performing ETF from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Enhanced barrier digital securities
Underlying ETFs: SPDR S&P Oil & Gas Exploration & Production, VanEck Vectors Gold Miners
Amount:$750,000
Maturity:March 19, 2020
Coupon:0%
Price:Par
Payout at maturity:If final level of the lesser-performing ETF is greater than or equal to its barrier level, par plus 19.5%; otherwise, investors will be fully exposed to the decline of the lesser-performing ETF from its initial level
Initial levels:$41.33 for Oil and Gas, $17.98 for Gold
Barrier levels:$30.998 for Oil and Gas, $13.485 for Gold; 75% of initial levels
Pricing date:Sept. 14
Settlement date:Sept. 19
Agent:Citigroup Global Markets Inc.
Fees:0.25%
Cusip:17324XFZ8

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