By Wendy Van Sickle
Columbus, Ohio, Jan. 29 – Citigroup Global Markets Holdings Inc. priced $1,916,000 of 0% enhanced barrier digital securities due Feb. 12, 2020 linked to the SPDR S&P 500 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its 85% barrier level, the payout at maturity will be par plus 7.3%.
Otherwise, investors will receive a fixed number of shares of the underlying equal to the 3.79435 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.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Enhanced barrier digital securities
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| Underlying fund: | SPDR S&P 500 ETF
|
| Amount: | $1,916,000
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| Maturity: | Feb. 12, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund finishes at or above 85% barrier, par plus 7.3%; otherwise, a fixed number of shares or cash equal to the 3.79435 equity ratio
|
| Initial price: | $263.55
|
| Barrier: | $224.018, 85% of initial price
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 29
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17324XEN6
|
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