By Kiku Steinfeld
Chicago, Feb. 10 – Citigroup Global Markets Holdings Inc. priced $574,000 of 0% dual directional barrier securities due Aug. 28, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 125% of the index return, subject to a maximum upside return of 49%.
If the final index level is less than the initial index level but greater than or equal to the final barrier level, 80% of the initial index level, the payout will be par plus the absolute value of the index return.
If the final index level is less than the final barrier level, investors will lose 1% for every 1% that the index declines from its initial index level.
The notes are guaranteed by Citigroup Inc.
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: | Dual directional barrier securities
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| Underlying index: | S&P 500
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| Amount: | $574,000
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| Maturity: | Aug. 28, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 125% of index return, up to 49% maximum upside return; if final index level is less than initial index level but greater than or equal to final barrier level, par plus absolute value of index return; if final index level is less than final barrier level, 1% loss for every 1% that index declines from initial index level
|
| Initial index level: | 3,337.75
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| Final barrier level: | 2,670.2, 80% of initial index level
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| Pricing date: | Feb. 21
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| Settlement date: | Feb. 28
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.75%
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| Cusip: | 17327T5Y8
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