By Marisa Wong
Morgantown, W.Va., June 3 – Citigroup Global Markets Holdings Inc. priced $2.21 million of 0% enhanced buffered digital notes due May 31, 2019 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes at or above its initial level or falls by up to the 15% buffer, the payout at maturity will be par plus the fixed return of 16%.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
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Issue: | Enhanced buffered digital notes
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Underlying index: | Russell 2000
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Amount: | $2,207,000
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Maturity: | May 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or falls by up to 15%, par plus 16%; otherwise, 1% loss per 1% drop beyond 15%
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Initial index level: | 1,141.024
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Pricing date: | May 25
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Settlement date: | May 31
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17324C3B0
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