By Sarah Lizee
Olympia, Wash., April 23 – Citigroup Global Markets Holdings Inc. priced $460,000 of 0% buffered digital notes due May 5, 2020 linked to the common stock of salesforce.com, inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final stock price is greater than or equal to 85% of the initial level, the payout at maturity will be par plus 10.1%.
If the stock falls by more than 15% investors will lose 1.1765% for every 1% decline of the stock beyond the buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered digital notes
|
| Underlying stock: | salesforce.com, inc. (CRM)
|
| Amount: | $460,000
|
| Maturity: | May 5, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater than or equal to 85% of the initial level, par plus 10.1%; otherwise, 1.1765% loss for every 1% decline of the stock beyond the buffer
|
| Initial price: | $155.99
|
| Buffer price: | $101.00, 85% of the initial share price
|
| Pricing date: | April 18
|
| Settlement date: | April 24
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17326YHP4
|
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