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Published on 1/8/2021 in the Prospect News Structured Products Daily.

New Issue: Citi sells $1.83 million barrier digital plus notes on S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, Jan. 8 – Citigroup Global Markets Holdings Inc. priced $1.83 million of 0% barrier digital plus securities due Dec. 29, 2026 linked to 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 the worse performing index finishes at or above its initial level, the payout at maturity will be par plus the greater of the digital return amount of 35% and the return of the lesser performing index.

If the worse performing index falls by up to 25%, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the lesser performing index.

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, Dow Jones industrial average
Amount:$1,828,000
Maturity:Dec. 29, 2026
Coupon:0%
Price:Par
Payout at maturity:If the worse performing index finishes at or above its initial level, par plus the greater of the digital return amount of 35% and the return of the lesser performing index; if the worse performing index falls by up to barrier level, par; otherwise, full exposure to decline of the lesser performing index
Initial levels:3,690.01 for S&P, 30,129.83 for Dow
Barrier levels:2,767.508 for S&P, 22,597.373 for Dow, 75% of initial levels
Pricing date:Dec. 23
Settlement date:Dec. 29
Underwriter:Citigroup Global Markets Inc.
Fees:3.5%
Cusip:17328YFU3

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