By Wendy Van Sickle
Columbus, Ohio, June 16 – Citigroup Global Markets Holdings Inc. priced $7.01 million of 0% buffered digital index-linked notes due Nov. 3, 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 80% of its initial level, the payout at maturity will be par plus 11.4%.
Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.
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: | $7,005,000
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Maturity: | Nov. 3, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above 80% of its initial level, par plus 11.4%; if the index falls by more than 20%, 1.25% loss for every 1% decline beyond 20%
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Initial index level: | 3,900.86
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Buffer value: | 80% of initial level
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Pricing date: | June 10
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Settlement date: | June 17
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.04%
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Cusip: | 17330P2K4
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