New York, Aug. 14 – Citigroup Global Markets Holdings Inc. priced $1.76 million of 0% barrier digital securities due Sept. 30, 2024 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes flat or gains, the payout at maturity will be par plus 20.9%.
Investors will receive par if the ETF declines but ends at or above the 85% barrier and will lose 1% for every 1% that the ETF declines if it finishes below the barrier.
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: | Barrier digital securities
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| Underlying ETF: | Energy Select Sector SPDR Fund
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| Amount: | $1,757,000
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| Maturity: | Sept. 30, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF gains, par plus 20.9%; par if ETF declines but finishes at or above the 85% barrier; otherwise, full exposure to decline of ETF from initial level
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| Initial level: | $87.45
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| Final barrier: | $74.333, 85% of initial level
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| Pricing date: | Aug. 8
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| Settlement date: | Aug. 11
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17291RZT2
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