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Published on 2/26/2021 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $1.91 million enhanced barrier digital plus notes on three indexes

By Wendy Van Sickle

Columbus, Ohio, Feb. 26 – Citigroup Global Markets Holdings Inc. priced $1.91 million of 0% enhanced barrier digital plus securities due Feb. 18, 2026 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final level of each index is greater than or equal to its barrier level, the payout at maturity will be par plus the greater of the return of the worst performing index and 15%. Otherwise, investors will be fully exposed to the decline of the worst performing index.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Enhanced barrier digital plus securities
Underlying indexes:S&P 500 index, Russell 2000 index and Dow Jones industrial average
Amount:$1,911,000
Maturity:Feb. 18, 2026
Coupon:0%
Price:Par
Payout at maturity:If the final level of each index is greater than or equal to its barrier level, par plus the greater of the return of the worst performing index and 15%; otherwise, 1% loss for every 1% that the worst performing index declines from its initial level
Initial levels:3,934.83 for S&P, 2,289.357for Russell and 31,458.4 for Dow
Barrier levels:2,453.367 for S&P, 1,427.414 for Russell and 19,614.312 for Dow; 62.35% of initial levels
Pricing date:Feb. 12
Settlement date:Feb. 18
Agent:Citigroup Global Markets Inc.
Fees:1.125%
Cusip:17328YTL8

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