By Sarah Lizee
Olympia, Wash., Jan. 7 – Citigroup Global Markets Holdings Inc. priced $2.2 million of 0% buffered digital plus securities due Jan. 2, 2025 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the greater of the index return and the digital return amount of 50%.
If the index falls by up to 10%, the payout will be par. Investors will be exposed to any losses beyond the buffer.
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: | Buffered digital plus securities
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| Underlying index: | FTSE 100
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| Amount: | $2.2 million
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| Maturity: | Jan. 2, 2025
|
| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final index level is greater than or equal to the initial level, par plus the greater of the index return and 50%; if the index falls by up to 10%, par; exposure to any losses beyond the buffer
|
| Initial level: | 7,644.90
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| Buffer level: | 6,880.410, 90% of initial level
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| Pricing date: | Dec. 27
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| Settlement date: | Jan. 2
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 4.25%
|
| Cusip: | 17327TS98
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