By William Gullotti
Buffalo, N.Y., March 31 – Citigroup Global Markets Holdings Inc. priced $1.11 million of 0% enhanced buffered digital securities due April 29, 2024 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index finishes at or above 80% of its initial level, the payout at maturity will be par plus 8.35%.
Otherwise, investors will lose 1% for every 1% decline 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: | Enhanced buffered digital securities
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Underlying index: | S&P 500 index
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Amount: | $1.11 million
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Maturity: | April 29, 2024
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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 8.35%; otherwise, lose 1% for every 1% decline below 20%
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Initial level: | 3,936.97
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Buffer level: | 3,149.576; 80% of initial levels
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Strike date: | March 22
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Pricing date: | March 24
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Settlement date: | March 29
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.47%
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Cusip: | 17331HAT3
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