By Wendy Van Sickle
Columbus, Ohio, Oct. 13 – Citigroup Global Markets Holdings Inc. priced $21.35 million of 0% buffered digital index-linked notes due Jan. 26, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index return is greater than or equal to negative 10%, the payout at maturity will be $1,082 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1111% for each 1% decline beyond the buffer.
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: | Buffered digital index-linked notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $21.35 million
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| Maturity: | Jan. 26, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is greater than or equal to negative 10%, par plus 8.2%; otherwise, 1.1111% loss for every 1% decline in index beyond 10%
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| Initial index level: | 4,048.08
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| Buffer level: | 90% of initial level
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 7
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| Underwriters: | Citigroup Global Markets Inc.
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| Fees: | 1.17%
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| Cusip: | 17329QYV6
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