By Wendy Van Sickle
Columbus, Ohio, April 1 – Citigroup Global Markets Holdings Inc. priced $1.07 million of 0% enhanced barrier digital plus securities due April 1, 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 index return and 20%.
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.
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| Issue: | Enhanced barrier digital plus securities
|
| Underlying fund: | SPDR S&P 500
|
| Amount: | $1,066,000
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| Maturity: | April 1, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund finishes at or above 80% barrier, par plus greater of index return and 20%; otherwise, a 3.5572 shares or cash equal to the value of those shares
|
| Initial price: | $281.12
|
| Barrier: | $224.896, 80% of initial price
|
| Pricing date: | March 26
|
| Settlement date: | March 29
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324XGH7
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