By Wendy Van Sickle
Columbus, Ohio, Oct. 19 – Citigroup Global Markets Holdings Inc. priced $1.7 million of 0% buffered digital securities due Jan. 13, 2021 linked to the Energy Select Sector SPDR fund, 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 initial level, the payout at maturity will be par plus the fixed return of 19.7%.
If the fund falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 20%.
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: | Buffered digital securities
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| Underlying fund: | Energy Select Sector SPDR fund
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| Amount: | $1.7 million
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| Maturity: | Jan. 13, 2021
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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 initial level, par plus the fixed return of 19.7%; if fund falls by up to 20%, par; otherwise, 1% loss for each 1% decline beyond 20%
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| Initial level: | $77.10, closing level on Oct. 8
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| Pricing date: | Oct. 9
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| Settlement date: | Oct. 12
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.25%
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| Cusip: | 17326YBK1
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