New York, May 18 – Citigroup Global Markets Holdings Inc. priced $1.9 million of 0% buffered digital notes due May 14, 2024 linked to the common stock of Enphase Energy, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above 70% of initial level, the payout at maturity will be par plus 22%.
Otherwise, investors will lose 1.42857% for every 1% the stock declines beyond 30%.
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 stock: | Enphase Energy, Inc.
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| Amount: | $1.9 million
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| Maturity: | May 14, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above 70% of initial level, par plus 22%; otherwise, 1.42857% loss for every 1% that stock declines beyond 30%
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| Initial level: | $164.18
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| Buffer: | 30%
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| Pricing date: | April 28
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| Settlement date: | May 3
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17331HGH3
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