New York, May 17 – Citigroup Global Markets Holdings Inc. priced $2.2 million of 0% digital notes due Nov. 16, 2023 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes flat or gains, the payout at maturity will be par plus 17.5%.
Otherwise, investors will receive a fixed number of shares per note equal to $10,000 divided by the stock’s initial level or, if a settlement disruption occurs, the cash equivalent.
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: | Digital notes
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| Underlying stock: | Amazon.com, Inc.
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| Amount: | $2.2 million
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| Maturity: | Nov. 16, 2023
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| Coupon: | 0%
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| Price: | Par of $10,000
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| Payout at maturity: | If stock finishes flat or gains, par plus 17.5%; otherwise, receive 90.75234 shares per note or, if a settlement disruption occurs, the cash equivalent
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| Initial level: | $110.19
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| Digital payment: | 17.5%
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| Strike date: | May 10
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| Pricing date: | May 12
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| Settlement date: | May 17
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
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| Cusip: | 17331AHK0
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