By Susanna Moon
Chicago, Feb. 1 – Citigroup Global Markets Holdings Inc. priced $2.07 million of 0% buffer securities due Jan. 22, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% drop beyond 10%.
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: | Buffer securities
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| Underlying index: | S&P 500 index
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| Amount: | $2,065,000
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| Maturity: | Jan. 22, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain; par if index declines by up to 10%; 1% loss per 1% decline beyond 10%
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| Initial level: | 2,670.71
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| Pricing date: | Jan. 18
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| Settlement date: | Jan. 24
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| Agents: | Citigroup Global Markets Inc.
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| Fees: | 0.65%
|
| Cusip: | 17326YB88
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