By William Gullotti
Buffalo, N.Y., March 10 – Citigroup Global Markets Holdings Inc. priced $1.68 million of 0% buffered digital securities due Jan. 6, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final level of the index is greater than or equal to its 85% buffer level, the payout at maturity will be par plus 19.55%.
Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered digital securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1,682,000
|
| Maturity: | Jan. 6, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater or equal to its buffer level, par plus 19.55%; otherwise, 1.1765% loss for every 1% decline beyond 15%
|
| Initial index level: | 4,278.96
|
| Buffer value: | 85% of initial level
|
| Pricing date: | March 7
|
| Settlement date: | March 14
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17331CZU4
|
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