By Kiku Steinfeld
Chicago, May 18 – Citigroup Global Markets Holdings Inc. priced $2.93 million of 0% buffered digital index-linked notes due Nov. 3, 2021 linked to the Energy Select Sector index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is zero or positive, the payout at maturity will be $1,125 per $1,000 of notes.
If the index declines but finishes above the 70% threshold level, the payout at maturity will be par.
Investors will lose 1.4286% for every 1% that it declines beyond 30%.
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: | Buffered digital index-linked notes
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| Underlying index: | Energy Select Sector index
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| Amount: | $2,926,000
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| Maturity: | Nov. 3, 2021
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If index return is zero or positive, $1,125 per $1,000 of notes; if index declines but finishes above the 70% threshold level, par; 1.4286% loss for every 1% that index declines beyond 30%
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| Initial level: | 375.36
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| Threshold level: | 70% of initial level
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| Pricing date: | May 14
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| Settlement date: | May 21
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.11%
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| Cusip: | 17328VPE4
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