By Susanna Moon
Chicago, March 6 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% buffered digital notes due March 14, 2019 linked to the SPDR S&P Metals & Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the fund finishes at or above its 85% threshold level, the payout at maturity will be par plus the threshold settlement amount of $1,087 for each $1,000 stated principal amount.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
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: | Buffered digital notes
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| Underlying fund: | SPDR S&P Metals & Mining ETF
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| Amount: | $1 million
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| Maturity: | March 14, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund gains or falls by up to 15%, par plus 8.7%; otherwise, 1.1765% loss for each 1% decline beyond 15%
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| Initial level: | $35.41
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| Barrier level: | 85% of initial level
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| Pricing date: | Feb. 12
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| Settlement date: | Feb. 20
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324XKW9
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