By Sarah Lizee
Olympia, Wash., Jan. 22 – Citigroup Global Markets Holdings Inc. priced $1.93 million of 0% geared buffer digital securities due Aug. 20, 2020 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 15.5%.
Investors will receive par if the index falls by up to 20% and will lose 1.25% per 1% drop beyond 20%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Geared buffer digital securities
|
| Underlying index: | Dow Jones Industrial Average
|
| Amount: | $1,928,000
|
| Maturity: | Aug. 20, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 15.5% if index return is positive; par if index declines by up to 20%; 1.25% loss for every 1% that index declines beyond 20%
|
| Initial index level: | 23,787.45
|
| Buffer level: | 19,029.960, 80% of initial level
|
| Pricing date: | Jan. 16
|
| Settlement date: | Jan. 22
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17326YFZ4
|
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