New Issue: Citigroup prices $3.18 million digital securities linked to S&P, Dow

By William Gullotti

Buffalo, N.Y., May 4 – Citigroup Global Markets Holdings Inc. priced $3.18 million of 0% digital securities due April 30, 2024 linked to the worst performing of the Dow Jones industrial average and the S&P 500 index, 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 least-performing index is greater than or equal to its initial level, the payout at maturity will be par plus 12.6%.

Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level, subject to a minimum payout of 95% of par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Digital securities
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$3,183,000
Maturity:	April 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of the least-performing index is greater than or equal to its initial level, par plus 12.6%; otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level with a maximum loss of 5%
Initial levels:	4,296.12 for S&P, 34,049.46 for Dow
Pricing date:	April 25
Settlement date:	April 28
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.8%
Cusip:	17330FEL1

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