By Sarah Lizee
Olympia, Wash., March 13 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% enhanced barrier digital securities due May 13, 2020 linked to the Brent Crude Oil Futures, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity finishes at or above its 71% barrier level, the payout at maturity will be par plus 10%.
Otherwise, investors will be fully exposed to the decline in the commodity
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Enhanced barrier digital securities
|
| Underlying commodity: | Brent Crude Oil Futures
|
| Amount: | $1 million
|
| Maturity: | May 13, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If commodity finishes at or above 71% barrier, par plus 10%; otherwise, full exposure to loss
|
| Initial price: | $65.74
|
| Barrier: | $46.675, 71% of initial price
|
| Pricing date: | March 8
|
| Settlement date: | March 13
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17326YDR4
|
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