By William Gullotti
Buffalo, N.Y., Dec. 28 – Citigroup Global Markets Holdings Inc. priced $3.25 million of 0% buffered digital equity-linked notes due Nov. 22, 2024 linked to the stock performance of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final level of the stock is greater than or equal to its buffer value, 80% of its initial level, the payout at maturity will be par plus 26.51%.
Otherwise, investors will lose 1.25% for every 1% decline of the stock 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: | Buffered digital equity-linked notes
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| Underlying stock: | Tesla, Inc.
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| Amount: | $3.25 million
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| Maturity: | Nov. 22, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final stock level is greater or equal to 80% of its initial level, par plus 26.51%; otherwise, lose 1.25% for every 1% decline beyond 20%
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| Initial level: | $211.99
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| Buffer value: | $2,925.972; 80% of initial level
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| Strike date: | Oct. 20
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| Pricing date: | Oct. 24
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| Settlement date: | Oct. 31
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.09%
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| Cusip: | 17291TAJ7
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