New York, July 25 – Citigroup Global Markets Holdings Inc. priced $640,000 of 0% enhanced barrier digital securities due Aug. 22, 2024 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes at or above its 60% final barrier, the payout at maturity will be par plus the 9.7% digital payment.
Otherwise, investors will lose 1% for every 1% decline of the ETF from its initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Enhanced barrier digital securities
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| Underlying ETF: | SPDR S&P Regional Banking ETF
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| Amount: | $640,000
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| Maturity: | Aug. 22, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above its 60% final barrier, par plus 9.7% digital return; otherwise, 1% loss for every 1% that ETF declines from initial level
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| Initial level: | $47.15
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| Final barrier: | $28.29, 60% of initial level
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| Pricing date: | July 19
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| Settlement date: | July 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.225%
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| Cusip: | 17291RNJ7
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