By Wendy Van Sickle
Columbus, Ohio, Dec. 7 – Citigroup Global Markets Holdings Inc. priced $9.58 million of 0% contingent barrier digital notes due Dec. 20, 2022 linked to the performance of the Brent Crude Oil Futures Contracts, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity finishes at or above its 65% barrier level, the payout at maturity will be par plus 19%. Otherwise, investors will lose 1% for every 1% decline from the commodity’s initial level.
The notes are guaranteed by Citigroup Inc.
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: | Contingent barrier digital notes
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| Underlying commodity: | Brent Crude Oil Futures Contracts
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| Amount: | $9.58 million
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| Maturity: | Dec. 20, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If commodity finishes at or above barrier level, par plus 19%; otherwise, lose 1% for every 1% of commodity decline from initial level
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| Initial level: | $70.57
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| Barrier level: | $45.871, 65% of initial level
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| Pricing date: | Dec. 1
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| Settlement date: | Dec. 7
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17329UYP0
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