Chicago, April 19 – Citigroup Global Markets Holdings Inc. priced $497,000 of 0% buffered digital securities due Feb. 27, 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 10.75%.
If the index finishes above its 85% buffer level, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
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: | $497,000
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| Maturity: | Feb. 27, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 10.75% if index finishes above initial level; par if index declines but not beyond buffer level; otherwise, 1% loss for each 1% decline beyond 15% buffer
|
| Initial index level: | 4,850.43
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| Buffer value: | 4,122.8655; 85% of initial level
|
| Pricing date: | Jan. 22
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| Settlement date: | Jan. 25
|
| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0%
|
| Cusip: | 17291LFC4
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