By William Gullotti
Buffalo, N.Y., Jan. 29 – Citigroup Global Markets Holdings Inc. priced $1.5 million of 0% contingent barrier digital notes due Jan. 29, 2025 linked to the stock performance of Generac Holdings Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above its 55% barrier level, the payout at maturity will be par plus 12.9%.
Otherwise, investors will lose 1% for every 1% that the stock has declined from its initial level.
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: | Contingent barrier digital notes
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| Underlying stock: | Generac Holdings Inc.
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| Amount: | $1.5 million
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| Maturity: | Jan. 29, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above barrier level, par plus 12.9%; otherwise, lose 1% for every 1% of stock decline from initial level
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| Initial level: | $123.36
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| Barrier level: | $67.848; 55% of initial level
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| Strike date: | Jan. 12
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| Pricing date: | Jan. 16
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| Settlement date: | Jan. 19
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17291TWP9
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