By Kiku Steinfeld
Chicago, June 21 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% barrier digital plus securities due Dec. 6, 2027 linked to the Swiss Market 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 initial level, the payout at maturity will be par plus greater of the index’s gain and the fixed return of 42%.
If the index falls but finishes at or above the 70% barrier level, the payout will be par. Otherwise, investors will lose 1% for each 1% decline from the initial level.
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 index: | Swiss Market index
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Amount: | $1 million
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Maturity: | Dec. 6, 2027
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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 initial levels, par plus greater of index’s return and 42%; par if the index falls by up to 30%; otherwise, full exposure to decline from initial level
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Initial level: | 12,266.46
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Barrier level: | 8,586.522; 70% of initial level
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Pricing date: | Dec. 1, 2021
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Settlement date: | Dec. 3, 2021
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Agent: | Citigroup Global Markets Inc.
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Fees: | 3.35%
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Cusip: | 17329UP39
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