By William Gullotti
Buffalo, N.Y., June 21 – Citigroup Global Markets Holdings Inc. priced $17.69 million of 0% buffered digital index-linked notes due July 18, 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, 80% of its initial level, the payout at maturity will be par plus 9.15%.
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.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered digital index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $17,687,000
|
| Maturity: | July 18, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater or equal to 80% of its initial level, par plus 9.15%; otherwise, 1.25% loss for every 1% decline beyond 20%
|
| Initial index level: | 3,735.48
|
| Buffer value: | 80% of initial level
|
| Pricing date: | June 14
|
| Settlement date: | June 22
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.95%
|
| Cusip: | 17330FX97
|
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