By Wendy Van Sickle
Columbus, Ohio, April 24 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% buffered digital securities due May 5, 2021 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the stock finishes at or above its initial level or falls by up to 20%, the payout at maturity will be par plus the fixed return of 11.5%. Otherwise, investors will receive 117.2278 Disney shares.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Buffered digital notes
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| Underlying stock: | Walt Disney Co.
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| Amount: | $1 million
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| Maturity: | May 5, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains or it falls by up to 20%, par plus 11.5%; otherwise, 117.2278 shares
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| Initial level: | $106.63
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| Buffer level: | $85.304, 80% of initial level
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| Strike date: | April 17
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| Pricing date: | April 20
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| Settlement date: | April 23
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17328VXH8
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