By Kiku Steinfeld
Chicago, Sept. 25 – Citigroup Global Markets Holdings Inc. priced $3.87 million of 0% digital buffered notes due June 22, 2022 linked to the Euro Stoxx 50 index, 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 the 87.5% buffer level, the payout at maturity will be par plus the fixed payment of 11.7%.
Otherwise, investors will lose 1.1429% for each 1% decline beyond the 12.5% buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered digital index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $3,872,000
|
| Maturity: | June 22, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index gains, finishes flat or falls by up to 12.5%, par plus 11.7%; otherwise, 1.1429% loss for each 1% decline beyond the 12.5% buffer
|
| Initial index level: | 3316.57
|
| Buffer level: | 87.5% of initial level
|
| Pricing date: | Sept. 17
|
| Settlement date: | Sept. 24
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0%
|
| Cusip: | 17328WDF2
|
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