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Published on 11/26/2018 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $1.51 million enhanced barrier digital notes on two ETFs

By Wendy Van Sickle

Columbus, Ohio, Nov. 26 – Citigroup Global Markets Holdings Inc. priced $1.51 million of 0% enhanced barrier digital securities due Dec. 19, 2019 linked to the worst performing of the SPDR S&P Oil & Gas Exploration & Production ETF 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 ETF is greater than or equal to its barrier level, 69% of its initial level, the payout at maturity will be par plus 9%. Otherwise, investors will be fully exposed to the decline of the lesser-performing ETF 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 ETFs:SPDR S&P Oil & Gas Exploration & Production, Energy Select Sector SPDR fund
Amount:$1,509,000
Maturity:Dec. 19, 2019
Coupon:0%
Price:Par
Payout at maturity:If final level of the lesser-performing ETF is greater than or equal to its barrier level, par plus 9%; otherwise, investors will be fully exposed to the decline of the lesser-performing ETF from its initial level
Initial levels:$34.75 for Oil and Gas, $67.18 for Energy
Barrier levels:$23.978 for Oil and Gas, $46.354 for Energy; 69% of initial levels
Pricing date:Nov. 16
Settlement date:Nov. 21
Agent:Citigroup Global Markets Inc.
Fees:0.825%
Cusip:17326YTG1

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