By Kiku Steinfeld
Chicago, Sept. 30 – Citigroup Global Markets Holdings Inc. priced $2.02 million of 0% barrier digital plus securities due Sept. 26, 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 ETF return and 18%.
If the final share price is less than the initial share price but greater than or equal to the 80% final barrier value, the payout will be par.
If the final share price is less than the final barrier value, investors will receive a number of shares equal to the principal amount 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: | $2,016,000
|
| Maturity: | Sept. 26, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to initial share price, par plus greater of ETF return and 18%; if final share price is less than initial share price but greater than or equal to final barrier value, par; otherwise, 3.09943 shares or cash equivalent
|
| Initial level: | $322.64
|
| Barrier level: | $258.112, 80% of initial level
|
| Equity ratio: | 3.09943
|
| Pricing date: | Sept. 23
|
| Settlement date: | Sept. 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324X2T6
|
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