By Wendy Van Sickle
Columbus, Ohio, June 26 – Citigroup Global Markets Holdings Inc. priced $1.11 million of 0% enhanced barrier digital plus securities due Dec. 22, 2023 linked to the Invesco QQQ trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the final barrier value, 80% of the initial share price, the payout at maturity will be par plus the greater of the ETF return and the digital return 10%, up to a 35% cap.
If the final share price is less than the final barrier value, the payout will be a number of ETF shares equal to $1,000 divided by the initial share price.
The notes are guaranteed by Citigroup Inc.
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: | Enhanced barrier digital plus securities
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Underlying ETF: | Invesco QQQ trust, series 1
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Amount: | $1.11 million
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Maturity: | Dec. 22, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final share price is greater than or equal to final barrier value, par plus greater of ETF return and 10%, capped 35%; if final share price is less than final barrier value, 4.09433 ETF shares
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Initial share price: | $244.24
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Final barrier value: | $195.392, or 80% of initial share price
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Pricing date: | June 19
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Settlement date: | June 24
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2.25%
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Cusip: | 17324XZQ6
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