By Marisa Wong
Morgantown, W.Va., Sept. 7 – Citigroup Global Markets Holdings Inc. priced $749,000 of 0% enhanced buffered digital securities due Sept. 2, 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 index finishes at or above 85% of its initial level, the payout at maturity will be par plus the fixed return of 17%.
Otherwise, investors will lose 1% for each 1% decline beyond 15%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Enhanced buffered digital securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $749,000
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| Maturity: | Sept. 2, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above 85% of its initial level, par plus the fixed return of 17%; otherwise, 1% loss for each 1% decline beyond 15%
|
| Initial level: | 3,421.03
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 31
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.75%
|
| Cusip: | 17324CLK0
|
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