By Susanna Moon
Chicago, March 9 – Citigroup Global Markets Holdings Inc. priced $2.8 million of 0% enhanced barrier digital plus securities due Feb. 27, 2023 linked to the Stoxx Europe 600 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 its 80% barrier level, the payout at maturity will be par plus the greater of the fixed return of 33% and any index gain up to a cap of 90%.
Otherwise, investors will lose 1% for each 1% decline.
Citigroup Global Markets Inc. is the agent.
| 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 index: | Stoxx Europe 600
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| Amount: | $2,797,000
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| Maturity: | Feb. 27, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its 80% barrier, par plus greater of 33% and return capped at 90%; otherwise, 1% loss for each 1% decline
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| Initial level: | 380.34
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| Barrier level: | 304.272, 80% of initial level
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| Pricing date: | Feb. 22
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| Settlement date: | Feb. 27
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3%
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| Cusip: | 17324CR57
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