By Wendy Van Sickle
Columbus, Ohio, Feb. 20 – Citigroup Global Markets Holdings Inc. priced $39.67 million of 0% buffered digital securities due May 29, 2025 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 10.45%.
Investors will receive par if the index declines by no more than 10% and will lose 1.1111% for every 1% that the index declines beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered digital securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $39,667,000
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| Maturity: | May 29, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater or equal to its initial level, par plus 10.45%; if index falls by up to 10%, par; if the index falls by more than 10%, 1.1111% loss for every 1% decline beyond 10%
|
| Initial index level: | 4,953.17
|
| Buffer value: | 90% of initial level
|
| Pricing date: | Feb. 13
|
| Settlement date: | Feb. 21
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.47%
|
| Cusip: | 17291LB53
|
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