By Susanna Moon
Chicago, Dec. 8 – Citigroup Global Markets Holdings Inc. priced $224,000 of 0% enhanced barrier digital plus securities due Dec. 1, 2022 linked to the SPDR Dow Jones industrial average ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the fund finishes at or above its barrier level, the payout at maturity will be par plus the greater of the fund return and 18%.
Otherwise, investors will receive a number of shares equal to $1,000 divided by the initial price or, at the issuer’s option, the cash equivalent.
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: | Enhanced barrier digital plus securities
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| Underlying fund: | SPDR Dow Jones industrial average ETF trust
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| Amount: | $224,000
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| Maturity: | Dec. 1, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund finishes at or above barrier, par plus greater of any gain and 18%; otherwise, 4.24214 fund shares or cash equivalent
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| Initial price: | $235.73
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| Barrier price: | $200.371, 85% of initial level
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3%
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| Cusip: | 17324XFC9
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