New York, April 5 – Citigroup Global Markets Holdings Inc. priced $2.82 million of 0% buffered digital notes due April 9, 2024 linked to the common stock of Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above 75% of initial level, the payout at maturity will be par plus 18.3%.
Otherwise, investors will lose 1.33333% for every 1% the stock declines beyond 25%.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffered digital notes
|
| Underlying stock: | Charles Schwab Corp.
|
| Amount: | $2,815,000
|
| Maturity: | April 9, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above 75% of initial level, par plus 18.3%; otherwise, 1.33333% loss for every 1% that stock declines beyond 25%
|
| Initial level: | $52.89
|
| Buffer: | 25%
|
| Buffer level: | $39.668, or 75% of initial level
|
| Strike date: | March 23
|
| Pricing date: | March 27
|
| Settlement date: | March 30
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17331HA30
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