By William Gullotti
Buffalo, N.Y., June 27 – Citigroup Global Markets Holdings Inc. priced $4.22 million of 0% buffered digital index-linked notes due June 30, 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 initial level, the payout at maturity will be par plus 15.5%.
If the index declines but finishes at or above its final buffer value, 90% of its initial level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
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: | $4.22 million
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Maturity: | June 30, 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 its initial level, par plus 15.5%; if the index falls by up to 10%, par; otherwise, 1% loss for every 1% decline beyond 10%
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Initial index level: | 3,759.89
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Buffer value: | 3,383.901; 90% of initial level
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Strike date: | June 22
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Pricing date: | June 23
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Settlement date: | June 27
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.1%
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Cusip: | 17330PUP2
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