By Sarah Lizee
Olympia, Wash., April 10 – Citigroup Global Markets Holdings Inc. priced $30.7 million of 0% buffered digital notes due July 13, 2021 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 85% of the initial level, the payout at maturity will be $1,148.50 per $1,000 principal amount.
If the index falls by more than 15% investors will lose 1.1765% for each 1% decline beyond the 15% buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered digital notes
|
| Underlying index: | S&P 500
|
| Amount: | $30.7 million
|
| Maturity: | July 13, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater than or equal to 85% of the initial level, the threshold settlement amount of $1,148.50 per $1,000; otherwise, loss of 1.1765% per 1% decline beyond 15% buffer
|
| Initial level: | 2,895.77
|
| Threshold level: | 85% of initial level
|
| Pricing date: | April 8
|
| Settlement date: | April 15
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17326YLP9
|
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