By William Gullotti
Buffalo, N.Y., March 23 – Citigroup Global Markets Holdings Inc. priced $1.02 million of 0% contingent barrier digital notes due April 3, 2024 linked to the performance of the SPDR S&P Bank ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes at or above its 65% barrier level, the payout at maturity will be par plus 13.1%. Otherwise, investors will lose 1% for every 1% decline from the ETF’s initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Contingent barrier digital notes
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Underlying fund: | SPDR S&P Bank ETF
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Amount: | $1.02 million
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Maturity: | April 3, 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 barrier level, par plus 13.1%; otherwise, lose 1% for every 1% of ETF decline from initial level
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Initial level: | $37.89
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Barrier level: | $24.629; 65% of initial level
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Strike date: | March 16
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Pricing date: | March 17
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Settlement date: | March 22
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17331HE69
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