By Angela McDaniels
Tacoma, Wash., Oct. 18 – Citigroup Global Markets Holdings Inc. priced $4 million of 0% enhanced barrier digital securities due Oct. 24, 2022 linked to the lesser performing of the Energy Select Sector SPDR fund and the SPDR S&P Bank exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price of the lesser-performing ETF is greater than or equal to its final barrier value, 69.875% of its initial share price, the payout at maturity will be par plus 30%. Otherwise, investors will lose 1% for every 1% that the lesser-performing ETF declines from its initial share price.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Enhanced barrier digital securities
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| Underlying ETFs: Energy Select Sector SPDR fund and SPDR S&P Bank ETF
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| Amount: | $4 million
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| Maturity: | Oct. 24, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final share price of lesser-performing ETF is greater than or equal to final barrier value, par plus 30%; otherwise, 1% loss for every 1% that lesser-performing ETF declines from initial share price
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| Initial share prices: | $57.29 for energy ETF and $43.19 for bank ETF
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| Final barrier values: | $40.031 for energy ETF and $30.179 for bank ETF, or 69.875% of its initial share prices
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| Pricing date: | Oct. 16
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| Settlement date: | Oct. 23
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17327TNL6
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