By Sarah Lizee
Olympia, Wash., Feb. 15 – Citigroup Global Markets Holdings Inc. priced $2.79 million of 0% enhanced barrier digital plus securities due Feb. 16, 2024 linked to the SPDR S&P 500 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its 80% barrier level, the payout at maturity will be par plus the greater of the fixed return of 20% and the final return of the fund.
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.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Enhanced barrier digital plus securities
|
| Underlying fund: | SPDR S&P 500
|
| Amount: | $2,789,000
|
| Maturity: | Feb. 16, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund finishes at or above 80% barrier, par plus greater of 20% and any fund gain; otherwise, a fixed number of shares or cash equal to the value of the equity ratio
|
| Initial price: | $274.99
|
| Barrier: | $219.992, 80% of initial price
|
| Pricing date: | Feb. 13
|
| Settlement date: | Feb. 19
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324XDV9
|
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