New York, July 13 – Citigroup Global Markets Holdings Inc. priced $4.32 million of 0% buffered digital notes due Jan. 3, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is zero or positive, the payout at maturity will be par plus the fixed return amount of 12.25%.
If the index return is negative but not less than negative 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond the 10% 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 notes
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| Underlying index: | Russell 2000
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| Amount: | $4,315,000
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| Maturity: | Jan. 3, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is zero or positive, par plus fixed return of 12.25%; if index return is negative but not less than negative 10%, par; otherwise, 1% loss for every 1% decline beyond 10%
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| Initial index level: | 1,408.475
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| Pricing date: | July 10
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| Settlement date: | July 13
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17324XCR9
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