By Kiku Steinfeld
Chicago, Dec. 30 - Citigroup Global Markets Holdings Inc. priced $3.98 million of 0% buffered digital index-linked notes due Aug. 3, 2022 linked to the S&P 500 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 90% of the index’s initial level, the payout at maturity will be par plus the 10.45% fixed return.
Investors will lose 1.1111% for every 1% decline in the index beyond the 10% buffer.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Issue: | Buffered digital index-linked notes
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Guarantor: | Citigroup Inc.
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Underlying index: | S&P 500
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Amount: | $3,980,000
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Maturity: | Aug. 3, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to 90% of initial level, par plus 10.45%; 1.1111% loss for every 1% decline beyond 10%
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Initial level: | 3,621.63
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Buffer level; | 90% of initial level
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Pricing date: | Nov. 30
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Settlement date: | Dec. 7
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.25%
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Cusip: | 17328Y4Q4
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