By Wendy Van Sickle
Columbus, Ohio, April 23 – Citigroup Global Markets Holdings Inc. priced $2.84 million of 0% contingent barrier digital securities due April 30, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to 75% of the initial index level, the payout at maturity will be par plus 7.3%.
If the final index level is less than the 75% barrier level, investors will lose 1% for every 1% that the index declines from its initial level.
The notes are guaranteed by Citigroup Inc.
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: | Contingent barrier digital securities
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| Underlying index: | S&P 500 index
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| Amount: | $2,843,000
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| Maturity: | April 30, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 7.3% unless index falls below barrier level, in which case 1% loss for every 1% that index declines from initial level
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| Initial level: | 5,123.41
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| Barrier value: | 3,842.558, 75% of initial level
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| Pricing date: | April 15
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| Settlement date: | April 18
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17331A3E9
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