By Wendy Van Sickle
Columbus, Ohio, July 13 – Citigroup Global Markets Holdings Inc. priced $5.03 million of 0% barrier digital plus securities due July 3, 2025 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus the greater of the fund return and the fixed return amount of 20%.
If the final share price is less than the initial price but greater than or equal to the barrier price, 80% of the initial share price, the payout will be par.
If the fund finishes below the barrier price, the payout will be a number of shares of the fund 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: | Barrier digital plus securities
|
| Underlying fund: | SPDR S&P 500 ETF Trust
|
| Amount: | $5,032,000
|
| Maturity: | July 3, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to initial price, par plus greater of fund return and 20%; if final share price is less than initial price but greater than or equal to barrier price, par; if fund finishes below barrier price, 3.2845 shares of fund or, at issuer’s option, amount in cash equal to value thereof
|
| Initial share price: | $304.46
|
| Barrier price: | $243.568, 80% of initial price
|
| Pricing date: | June 29
|
| Settlement date: | July 2
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324XYZ7
|
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