By William Gullotti
Buffalo, N.Y., May 4 – Citigroup Global Markets Holdings Inc. priced $2 million of 0% buffered digital index-linked notes due April 27, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final level of the index is greater than or equal to its final buffer value, 65% of its initial level, the payout at maturity will be par plus 4.35%.
Otherwise, investors will lose 1.5385% for every 1% that the index declines beyond 35%.
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: | S&P 500 index
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Amount: | $2 million
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Maturity: | April 27, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater or equal to 65% of its initial level, par plus 4.35%; if the index falls by more than 35%, 1.5385% loss for every 1% decline beyond 35%
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Initial index level: | 4,296.12
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Buffer value: | 65% of initial level
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Strike date: | April 25
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Pricing date: | April 26
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Settlement date: | May 3
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.67%
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Cusip: | 17330F5G2
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