New Issue: Citigroup sells $1.85 million enhanced barrier digital plus notes on CVS

By Wendy Van Sickle

Columbus, Ohio, June 5 – Citigroup Global Markets Holdings Inc. priced $1.85 million of 0% enhanced barrier digital plus securities due June 12, 2020 linked to CVS Health Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above its 80% barrier level, the payout at maturity will be par plus the greater of 8% and any gain, capped at par plus 16%.

Otherwise, investors will receive a number of shares equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Enhanced barrier digital plus securities
Underlying stock:	CVS Health Corp.
Amount:	$1,854,000
Maturity:	June 12, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock finishes at or above its 80% barrier level, par plus the greater 8% and any gain, capped at par plus 16%; otherwise, investors will receive 18.97533 CVS shares or, at the issuer’s option, an amount in cash equal to the value of those shares
Initial price:	$52.70
Barrier:	$42.16, 80% of initial price
Pricing date:	May 28
Settlement date:	May 31
Agent:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17324XPF1

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