By William Gullotti
Buffalo, N.Y., Nov. 17 – Citigroup Global Markets Holdings Inc. priced $1.62 million of 0% enhanced barrier digital securities due Dec. 8, 2022 linked to the stock performance of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the stock finishes at or above 72% of its initial level, the payout at maturity will be par plus 12.85%.
Otherwise, investors will be fully exposed to losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Enhanced barrier digital securities
|
| Underlying stock: | Nvidia Corp.
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| Amount: | $1,615,000
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| Maturity: | Dec. 8, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the stock finishes at or above 72% of its initial level, par plus 12.85%; otherwise, lose 1% for every 1% decline from initial level
|
| Initial level: | $297.52
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| Barrier level: | $214.214; 72% of initial levels
|
| Pricing date: | Nov. 5
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| Settlement date: | Nov. 10
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.43%
|
| Cusip: | 17329UH61
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