Chicago, July 21 – Citigroup Global Markets Holdings Inc. priced $5.2 million of 0% buffered digital notes due Aug. 1, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or ends above its 85% final buffer level, the payout at maturity will be par plus 10.4%.
Otherwise, investors will lose 1.1765% for each 1% decline of the index beyond the 15% buffer.
The notes are non-callable.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffered digital notes
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| Underlying index: | S&P 500 index
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| Amount: | $5.2 million
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| Maturity: | Aug. 1, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains or declines but by no more than buffer, par plus 10.4%; otherwise, 1.1765% for each 1% decline beyond buffer
|
| Initial level: | 3,790.38
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| Buffer: | 15%
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| Call: | Non-callable
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| Pricing date: | July 18
|
| Settlement date: | July 21
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17330PVE6
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