Chicago, Oct. 24 – Citigroup Global Markets Holdings Inc. priced $15.75 million of 0% buffered notes due Nov. 20, 2024 tied to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the fund return is greater than 75% of its initial level, the payout at maturity will be par plus 12.8%.
Otherwise, investors will lose 1.3333% for each 1% decline beyond the 25% buffer.
Citigroup Global Markets Inc. is the underwriter. Simon Markets LLC is a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered digital notes
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| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $15,750,000
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| Maturity: | Nov. 20, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 12.8% if fund return is greater than threshold level; otherwise, 1.3333% for each 1% decline beyond 25% buffer
|
| Initial fund level: | $152.97
|
| Buffer level: | 75% of initial level
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 25
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.08%
|
| Cusip: | 17291QUB8
|
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