By Susanna Moon
Chicago, June 29 – Citigroup Global Markets Holdings Inc. priced $1.7 million of 0% enhanced barrier digital plus securities due June 29, 2023 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its 80% barrier level, the payout at maturity will be par plus the greater of the fixed return of 20% and any gain up to a maximum return of 60%.
Otherwise, investors will lose 1% for each 1% decline.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Enhanced barrier digital plus securities
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| Underlying fund: | SPDR S&P 500 ETF Trust
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| Amount: | $1,695,000
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| Maturity: | June 29, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund finishes at or above 80% barrier, par plus greater of 20% and any gain capped at 60%; otherwise, 1% loss per 1% decline
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| Initial level: | $271.60
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| Barrier level: | $217.28, 80% of initial level
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| Pricing date: | June 26
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| Settlement date: | June 29
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3%
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| Cusip: | 17324XFM7
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