New York, May 2 – Citigroup Global Markets Holdings Inc. priced $47.01 million of 0% buffered digital notes due May 13, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or declines but by no more than its 20% buffer the payout at maturity will be par plus 7.9%. Investors will lose 1.25% for every 1% the index declines beyond its 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.
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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: | $47,009,000
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Maturity: | May 13, 2024
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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 20% buffer, par plus 7.9%; 1.25% loss for every 1% that index declines beyond the buffer
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Initial level: | 4,071.63
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Buffer: | 20%
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Call: | Non-callable
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Pricing date: | April 25
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Settlement date: | April 28
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17331HGL4
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