New Issue: Citi sells $438,000 barrier securities on MSCI World Dividend Growers

By Marisa Wong

Los Angeles, Dec. 31 – Citigroup Global Markets Holdings Inc. priced $438,000 of 0% barrier securities due Nov. 29, 2023 linked to the MSCI World Dividend Growers Quality Select index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus any index gain, capped at par plus 45%. If the index falls by up to 20%, the payout will be par. Otherwise, investors will be fully exposed to the index decline.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier securities
Underlying index:	MSCI World Dividend Growers Quality Select index
Amount:	$438,000
Maturity:	Nov. 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at par plus 45%; par if index falls by up to 20%; otherwise, full exposure to losses
Initial level:	2,256.44
Barrier level:	1,805.152, 80% of initial level
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	2%
Cusip:	17328WNL8

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