By Sarah Lizee
Olympia, Wash., May 31 – Citigroup Global Markets Holdings Inc. priced $2.55 million of 0% enhanced barrier digital plus securities due June 11, 2020 linked to the Brent Crude Oil Futures, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity finishes at or above its 66% barrier level, the payout at maturity will be par plus the greater of the return and 3%.
Otherwise, investors will be fully exposed to the decline in the commodity
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Enhanced barrier digital plus securities
|
| Underlying commodity: | Brent Crude Oil Futures
|
| Amount: | $2.55 million
|
| Maturity: | June 11, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If commodity finishes at or above barrier, par plus the greater of the return and 3%; otherwise, full exposure to loss
|
| Initial price: | $68.69
|
| Barrier: | $45.335, 66% of initial price
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17326YQ33
|
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