By Wendy Van Sickle
Columbus, Ohio, April 2 – Citigroup Global Markets Holdings Inc. priced $3 million of 0% enhanced barrier digital securities due March 30, 2023 linked to the lesser performing of the Financial Select Sector SPDR fund and the SPDR S&P Regional Banking 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, 70% of its initial share price, the payout at maturity will be par plus 70%. 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: | Financial Select Sector SPDR fund and SPDR S&P Regional Banking ETF
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| Amount: | $3 million
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| Maturity: | March 30, 2023
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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 70%; otherwise, 1% loss for every 1% that lesser-performing ETF declines from initial share price
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| Initial share prices: | $17.66 for Financial ETF and $28.13 for banking ETF
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| Final barrier values: | $12.362 for Financial ETF and $19.691 for banking ETF, or 70% of its initial share prices
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| Pricing date: | March 23
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| Settlement date: | March 30
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17328V4P2
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