By Kiku Steinfeld
Chicago, June 21 – Citigroup Global Markets Holdings Inc. priced $1.48 million of 0% enhanced barrier digital plus securities due June 6, 2022 linked to the ARK Innovation exchange-traded fund, 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 11%, subject to a maximum return of 25%.
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 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: | Enhanced barrier digital plus securities
|
| Underlying ETF: | ARK Innovation ETF
|
| Amount: | $1,484,000
|
| Maturity: | June 6, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to final barrier value, par plus greater of ETF return and 11%, subject to 25% maximum return; if final share price is less than final barrier value, 9.44822 ETF shares
|
| Initial share price: | $105.84
|
| Final barrier value: | $84.672, or 80% of initial share price
|
| Pricing date: | May 21
|
| Settlement date: | May 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17328NNX2
|
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