By Wendy Van Sickle
Columbus, Ohio, Feb. 28 – Citigroup Global Markets Holdings Inc. priced $1.02 million of 0% enhanced buffered digital securities due Feb. 26, 2021 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes at or above its initial level or falls by up to 15%, the payout at maturity will be par plus the 20% fixed payment. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
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 index: | Dow Jones Industrial Average
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| Amount: | $1.02 million
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| Maturity: | Feb. 26, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above initial level or falls by up to 15%, par plus 20% fixed payment; otherwise, 1% loss for every 1% that index declines beyond 15%
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| Initial index level: | 20,810.32
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3.5%
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| Cusip: | 17324CEP7
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