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Published on 9/11/2018 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $1.28 million enhanced barrier digital notes on index, ETF

By Wendy Van Sickle

Columbus, Ohio, Sept. 11 – Citigroup Global Markets Holdings Inc. priced $1.28 million of 0% enhanced barrier digital securities due Sept. 1, 2022 linked to the worse performing of the Euro Stoxx Banks index and the Energy Select Sector SPDR fund, 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 lesser-performing asset is greater than or equal to its barrier level, 70% of its initial level, the payout at maturity will be par plus 50%. Otherwise, investors will be fully exposed to the decline of the lesser-performing asset from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Enhanced barrier digital securities
Underlying assets:Euro Stoxx Banks index, Energy Select Sector SPDR fund
Amount:$1,281,000
Maturity:Sept. 1, 2022
Coupon:0%
Price:Par
Payout at maturity:If final level of the lesser-performing asset is greater than or equal to its barrier level, par plus 50%; otherwise, investors will be fully exposed to the decline of the lesser-performing asset from its initial level
Initial levels:106.7 for index, $75.23 for fund
Barrier levels:74.69 for index, $52.661 for fund; 70% of initial levels
Pricing date:Aug. 29
Settlement date:Sept. 4
Agent:Citigroup Global Markets Inc.
Fees:1%
Cusip:17326YFS0

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