By Wendy Van Sickle
Columbus, Ohio, June 30 – Citigroup Global Markets Holdings Inc. priced $4.11 million of 0% buffered digital notes due July 2, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index return is greater than or equal to negative 15%, the payout will be an amount equal to the threshold settlement amount of $1,112.50 per $1,000 principal amount of notes.
If the index return is less than negative 15%, investors will lose 1.1765% for every 1% that the index declines beyond 15%.
The exact maturity date and threshold settlement amount will be set at pricing.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
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| Issue: | Buffered digital notes
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| Underlying index: | S&P 500
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| Amount: | $4.11 million
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| Maturity: | July 2, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains or falls by up to 15%, $1,112.50 per $1,000 note; otherwise, 1.1765% loss per 1% drop beyond 15%
|
| Initial index level: | 2,000.54
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| Pricing date: | June 27
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| Settlement date: | June 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
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| Cusip: | 17324C6D3
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