By Wendy Van Sickle
Columbus, Ohio, Oct. 6 – Citigroup Global Markets Holdings Inc. priced $5 million of 0% buffered digital notes due Jan. 3, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or ends above its 87.5% final buffer level, the payout at maturity will be par plus 12.39%.
Otherwise, investors will lose 1.25% for each 1% decline of the index beyond the 20% buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Buffered digital notes
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| Underlying index: | S&P 500 index
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| Amount: | $5 million
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| Maturity: | Jan. 3, 2024
|
| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains or declines but by no more than buffer, par plus 12.39%; otherwise, 1.25% for each 1% decline beyond buffer
|
| Initial level: | 3,640.47
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| Buffer level: | 80% of initial level
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| Pricing date: | Sept. 29
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| Settlement date: | Oct. 3
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.25%
|
| Cusip: | 17330RK61
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