By Wendy Van Sickle
Columbus, Ohio, April 23 – Citigroup Global Markets Holdings Inc. priced $3.01 million of 0% buffered digital securities due Aug. 13, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final level of the index is greater than or equal to 90% of its initial level, the payout at maturity will be par plus 12.7%.
Investors will lose 1.1111% for every 1% that the index declines beyond 10%.
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: | Buffered digital securities
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Underlying index: | S&P 500 index
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Amount: | $3,014,000
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Maturity: | Aug. 13, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater or equal to its buffer level, par plus 12.7%; if the index falls by more than 10%, 1.1111% loss for every 1% decline beyond 10%
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Initial index level: | 5,061.82
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Buffer value: | 90% of initial level
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Pricing date: | April 15
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Settlement date: | April 22
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0%
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Cusip: | 17331A2X8
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