By Wendy Van Sickle
Columbus, Ohio, Jan. 29 – Citigroup Global Markets Holdings Inc. priced $4.91 million of 0% enhanced buffered digital securities due Feb. 5, 2025 linked to the performance of the one-year U.S. Dollar SOFR ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the swap rate finishes at or above 58% of its initial level, the payout at maturity will be par plus 15%.
Otherwise, investors will lose 1% for every 1.72415% decline beyond 42%.
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 buffered digital securities
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| Underlying swap rate: | One-year U.S. Dollar SOFR ICE swap rate
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| Amount: | $4.91 million
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| Maturity: | Feb. 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the swap rate finishes at or above 58% of its initial level, par plus 15%; otherwise, lose 1.72415% for every 1% decline below 42%
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| Initial level: | 4.839%
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| Buffer level: | 2.8066%; 58% of initial level
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17291LDX0
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