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Published on 1/7/2021 in the Prospect News Structured Products Daily.

New Issue: Citi sells $888,000 enhanced barrier digital plus notes on Euro Stoxx

By Marisa Wong

Los Angeles, Jan. 7 – Citigroup Global Markets Holdings Inc. priced $888,000 of 0% enhanced barrier digital plus securities due Dec. 1, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final index level is greater than or equal to the barrier level, 80% of the initial index level, the payout at maturity will be par plus the greater of the index return and 20%. Otherwise, investors will lose 1% for each 1% index decline from the initial level.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Enhanced barrier digital plus securities
Underlying index:Euro Stoxx 50
Amount:$888,000
Maturity:Dec. 1, 2025
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above barrier level, par plus greater of index return and 20%; otherwise, 1% loss for each 1% index decline from initial level
Initial level:3,511.90
Barrier level:2,809.52, 80% of initial level
Pricing date:Nov. 25
Settlement date:Dec. 1
Agent:Citigroup Global Markets Inc.
Fees:2.75%
Cusip:17328WMM7

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