New York, July 25 – Citigroup Global Markets Holdings Inc. priced $640,000 of 0% enhanced barrier digital securities due Aug. 22, 2024 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes at or above its 60% final barrier, the payout at maturity will be par plus the 9.7% digital payment.
Otherwise, investors will lose 1% for every 1% decline of the ETF from its initial level.
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: | Enhanced barrier digital securities
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Underlying ETF: | SPDR S&P Regional Banking ETF
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Amount: | $640,000
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Maturity: | Aug. 22, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF finishes at or above its 60% final barrier, par plus 9.7% digital return; otherwise, 1% loss for every 1% that ETF declines from initial level
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Initial level: | $47.15
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Final barrier: | $28.29, 60% of initial level
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Pricing date: | July 19
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Settlement date: | July 24
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.225%
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Cusip: | 17291RNJ7
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