By Marisa Wong
Morgantown, W.Va., Aug. 4 – Citigroup Global Markets Holdings Inc. priced $253,000 of 0% enhanced buffered digital securities due July 29, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus the fixed return of 18%.
Otherwise, investors will lose 1% for each 1% decline beyond 15%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Enhanced buffered digital securities
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $253,000
|
| Maturity: | July 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above 85% of its initial level, par plus the fixed return of 18%; otherwise, 1% loss for each 1% decline beyond 15%
|
| Initial level: | 21,711.01
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3.25%
|
| Cusip: | 17324CKR6
|
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