By Sarah Lizee
Olympia, Wash., March 13 – Citigroup Global Markets Holdings Inc. priced $725,000 of 0% buffered digital notes due March 25, 2020 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the stock finishes at or above 85% of its initial price, the payout at maturity will be par plus the fixed return of 7.5%.
Otherwise, investors will get a fixed number of underlying shares equal to the equity ratio, which is the principal amount divided by the buffer price, or the cash value of those shares.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered digital notes
|
| Underlying stock: | Microsoft Corp. (Symbol: MSFT)
|
| Amount: | $725,000
|
| Maturity: | March 25, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the stock finishes at or above 85% of its initial price, par plus 7.5%; otherwise, fixed number of underlying shares equal to the equity ratio or the cash value of those shares
|
| Initial price: | $110.51
|
| Piffer price: | $93.934, 85% of initial price
|
| Equity ratio: | 10.64583
|
| Pricing date: | March 8
|
| Settlement date: | March 13
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17326YHL3
|
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