By William Gullotti
Buffalo, N.Y., March 29 – Citigroup Global Markets Holdings Inc. priced $6.55 million of 0% buffered digital securities due Feb. 26, 2025 linked to the Euro Stoxx 50 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 buffer value, 85% of initial level, the payout at maturity will be par plus 20.53%.
Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered digital securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $6,546,000
|
| Maturity: | Feb. 26, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater or equal to buffer value, par plus 20.53%; if the index falls by more than 15%, 1.1765% loss for every 1% decline beyond 15%
|
| Initial index level: | 4,195.7
|
| Buffer value: | 85% of initial level
|
| Pricing date: | March 22
|
| Settlement date: | March 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17331HDD5
|
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