New Issue: Citigroup sells $1.08 million barrier securities tied to S&P, Russell

By Devika Patel

Knoxville, Tenn., April 2 – Citigroup Global Markets Holdings Inc. sold $1.08 million of 0% barrier securities due Feb. 28, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If each index finishes at or above its 60% barrier level, the payout at maturity will be par plus quadruple any gain of the worse performing index.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,081,000
Maturity:	Feb. 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its 60% barrier level, par plus quadruple any gain of worse performing index; otherwise, 1% loss for each 1% decline of worse performing index
Initial levels:	2,747.30 for S&P, 1,549.186 for Russell
Barrier levels:	1,648.38 for S&P, 929.512 for Russell; 60% of initial levels
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	Citigroup Global Markets Inc.
Fees:	1.125%
Cusip:	17324CRL2

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