By Wendy Van Sickle
Columbus, Ohio, April 12 – Citigroup Global Markets Holdings Inc. priced $11.53 million of 0% buffered digital notes due Aug. 12, 2020 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 final index level is greater than or equal to 90% of the initial level, the payout at maturity will be $1,116 per $1,000 principal amount.
If the index falls by more than 10% investors will lose 1.1111% for each 1% decline beyond the 10% threshold amount.
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 notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $11.53 million
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| Maturity: | Aug. 12, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final index level is greater than or equal to 90% of the initial level, the threshold settlement amount of $1,116 per $1,000; otherwise, loss of 1.1111% per 1% decline beyond 10% buffer
|
| Initial level: | 3,424.65
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| Threshold level: | 90% of initial level
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| Pricing date: | April 10
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| Settlement date: | April 17
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.16%
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| Cusip: | 17326YUP9
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