By William Gullotti
Buffalo, N.Y., April 26 – Citigroup Global Markets Holdings Inc. priced $3.39 million of 0% buffered digital index-linked notes due June 14, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Index-linked notes 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 value, the payout at maturity will be par plus 11.8%.
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 index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $3,387,000
|
| Maturity: | June 14, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater or equal to its buffer value, par plus 11.8%; otherwise, 1.1765% loss for every 1% decline beyond 15%
|
| Initial index level: | 4,384.86
|
| Buffer value: | 85% of initial level
|
| Pricing date: | April 20
|
| Settlement date: | April 27
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17331HSP2
|
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