By Wendy Van Sickle
Columbus, Ohio, July 5 – Citigroup Global Markets Holdings Inc. priced $680,000 of 0% barrier digital plus securities due Jan. 3, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and the fixed return amount of 28%.
If the final index level is less than the initial index level but greater than or equal to the barrier level, 80% of the initial index level, the payout will be par.
If the final index level is less than the barrier level, investors will be fully exposed to the index’s decline from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier digital plus securities
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $680,000
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| Maturity: | Jan. 3, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to initial level, par plus greater of index return and 28%; par if index falls by up to 20%; otherwise, full exposure to index’s decline from initial level
|
| Initial level: | 2,758.67
|
| Barrier level: | 2,206.936, 80% of initial level
|
| Pricing date: | June 28
|
| Settlement date: | June 30
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17324C3S3
|
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