By Marisa Wong
Morgantown, W.Va., Feb. 14 – Citigroup Global Markets Holdings Inc. priced $1.77 million of 0% barrier digital plus securities due Jan. 24, 2024 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final share price is greater than or equal to the initial price, the payout at maturity will be par plus the greater of 45.75% and the fund gain.
If the final share price is less than the initial price but greater than or equal to the barrier price, 70% of the initial price, the payout will be par.
If the final share price is less than the barrier price, investors will be fully exposed to the share price decline.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier digital plus securities
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $1,768,000
|
| Maturity: | Jan. 24, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final share price is greater than or equal to the initial price, par plus the greater of 45.75% and the fund gain; if the final share price is less than the initial price but greater than or equal to the barrier price, par; otherwise, full exposure to losses
|
| Initial price: | $62.22
|
| Barrier price: | $43.554, 70% of initial price
|
| Strike date: | Feb. 7
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 13
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17326YYR1
|
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