By Kiku Steinfeld
Chicago, Aug. 17 – Citigroup Global Markets Holdings Inc. priced $2.22 million of 0% barrier digital plus securities due Aug. 4, 2025 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its 80% barrier level, the payout at maturity will be par plus the greater of index return and 20%.
Otherwise, investors will receive a number of shares equal to the principal divided by the initial share price or the cash equivalent.
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: | $2,224,000
|
| Maturity: | Aug. 4, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund finishes at or above 80% barrier, par plus greater of index return and 20%; otherwise, a number of shares equal to the principal divided by initial share price or cash equivalent
|
| Initial level: | $323.96
|
| Barrier level: | $259.168, 80% of initial level
|
| Equity ratio: | 3.08680
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 4
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324XM64
|
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