By Marisa Wong
Morgantown, W.Va., Oct. 31 – Citigroup Global Markets Holdings Inc. priced $371,000 of 0% enhanced buffered digital securities due Oct. 29, 2020 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 finishes at or above 85% of its initial level, the payout at maturity will be par plus the fixed return of 12.75%.
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.
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| Issue: | Enhanced buffered digital securities
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| Underlying index: | Russell 2000 index
|
| Amount: | $371,000
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| Maturity: | Oct. 29, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above 85% of its initial level, par plus the fixed return of 12.75%; otherwise, 1% loss for each 1% decline beyond 15%
|
| Initial level: | 1,497.459
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324CMT0
|
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