By William Gullotti
Buffalo, N.Y., Sept. 5 – Citigroup Global Markets Holdings Inc. priced $2.1 million of 0% buffered digital securities due March 7, 2024 linked to the S&P 500 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 initial level, the payout at maturity will be par plus 6.75%.
Investors will receive par if the index declines by no more than 5% and will lose 1% for every 1% that the index declines beyond 5%.
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: | Buffered digital securities
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| Underlying index: | S&P 500 index
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| Amount: | $2.1 million
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| Maturity: | March 7, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final index level is greater or equal to its initial level, par plus 6.75%; if index falls by up to 5%, par; if the index falls by more than 5%, 1% loss for every 1% decline beyond 5%
|
| Initial index level: | 4,497.63
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| Buffer value: | 4,272.7485; 95% of initial level
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| Strike date: | Aug. 29
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| Pricing date: | Aug. 30
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| Settlement date: | Sept. 1
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.1%
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| Cusip: | 17291QSG0
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