By Wendy Van Sickle
Columbus, Ohio, April 26 – Citigroup Global Markets Holdings Inc. $70,000 of 0% barrier digital plus securities due April 1, 2024 linked to the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its initial level, the payout at maturity will be par plus 8.5%.
If the fund falls but not below the barrier, 85% of the initial level, the payout will be par.
Otherwise, investors will receive a fixed number of shares of the underlying equal to the equity ratio or a cash equivalent.
The notes are guaranteed by Citigroup Inc.
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: | Barrier digital plus securities
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| Underlying fund: | iShares Russell 2000 ETF
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| Amount: | $70,000
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| Maturity: | May 6, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund finishes at or above initial price, par plus 8.5%; if fund falls but not below barrier par; otherwise, 6.32671shares or cash equal to the value of those shares
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| Initial price: | $158.06
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| Barrier: | $134.351, 85% of initial price
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| Pricing date: | April 24
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| Settlement date: | April 29
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324XKG4
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