By William Gullotti
Buffalo, N.Y., Nov. 22 – Citigroup Global Markets Holdings Inc. priced $1.63 million of 0% contingent buffered digital notes due Dec. 2, 2022 linked to the stock performance of Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the stock finishes at or above 75% of its initial value, the payout at maturity will be par plus a fixed return of 19.3%.
If the stock falls by more than 25%, investors will be fully exposed to the stock’s decline from its initial value.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Contingent buffered digital notes
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| Underlying stock: | Advanced Micro Devices, Inc.
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| Amount: | $1.63 million
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| Maturity: | Dec. 2, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the stock finishes at or above 75% of its initial value, par plus a fixed return of 19.3%; otherwise, full exposure to losses
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| Initial level: | $152.45
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| Barrier price: | $114.338; 75% of initial price
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| Strike date: | Nov. 16
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| Pricing date: | Nov. 17
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| Settlement date: | Nov. 22
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17329U4C2
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