By Marisa Wong
Morgantown, W.Va., July 3 – Citigroup Global Markets Holdings Inc. priced $1.09 million of 0% enhanced buffered digital plus securities due June 28, 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 index return is at least negative 15%, the payout at maturity will be par plus the greater of 20% and the index return, capped at 50%.
Investors will lose 1% for each 1% decline beyond 15%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Enhanced buffered digital plus securities
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| Underlying index: | S&P 500
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| Amount: | $1,085,000
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| Maturity: | June 28, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is at least negative 15%, par plus the greater of 20% and the index return, capped at 50%; 1% loss for each 1% decline beyond 15%
|
| Initial level: | 2,438.30
|
| Pricing date: | June 23
|
| Settlement date: | June 28
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17324CKJ4
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