By Marisa Wong
Morgantown, W.Va., April 4 – Citigroup Inc. priced $1.09 million of 0% enhanced buffered digital notes due April 3, 2019 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above its initial level or falls by up to the 15% buffer, the payout at maturity will be par plus the fixed return of 17.5%.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Enhanced buffered digital notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1.09 million
|
| Maturity: | April 3, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains or falls by up to 15%, par plus 17.5%; otherwise, 1% loss per 1% drop beyond 15%
|
| Initial index level: | 1,109.082
|
| Pricing date: | March 29
|
| Settlement date: | March 31
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17298CB80
|
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