By Sarah Lizee
Olympia, Wash., Jan. 22 – Citigroup Global Markets Holdings Inc. priced $2.2 million of 0% buffered digital securities due Jan. 21, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes above its initial level, the payout at maturity will be par plus the fixed return of 31.25%.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered digital securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $2.2 million
|
| Maturity: | Jan. 21, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index gains, par plus 31.25%; if the index falls by up to 10%, par; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 2,616.10
|
| Buffer value: | 2,354.490, 90% of initial level
|
| Pricing date: | Jan. 16
|
| Settlement date: | Jan. 22
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17326YXB7
|
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