By William Gullotti
Buffalo, N.Y., Oct. 6 – Citigroup Global Markets Holdings Inc. priced $1.07 million of 0% contingent buffered digital notes due Aug. 3, 2022 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the ETF finishes at or above 85% of its initial value, the payout at maturity will be par plus a fixed return of 13.5%.
If the ETF falls by more than 15%, investors will be fully exposed to the ETF’s decline from its initial value.
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: | Contingent buffered digital notes
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| Underlying ETF: | Energy Select Sector SPDR fund
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| Amount: | $1.07 million
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| Maturity: | Aug. 3, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the ETF finishes at or above 85% of its initial value, par plus a fixed return of 13.5%; otherwise, full exposure to losses
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| Initial level: | $48.68
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| Barrier price: | $41.378; 85% of initial price
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| Strike date: | July 16
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| Pricing date: | July 19
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| Settlement date: | July 22
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17329QAN0
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