By Wendy Van Sickle
Columbus, Ohio, March 25 – Citigroup Global Markets Holdings Inc. priced $4 million of 0% geared buffer securities due Dec. 16, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 29.25%.
Investors will receive par if the index falls by up to 20% and will lose 1% per 1% drop beyond 20%.
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: | Geared buffer securities
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Underlying index: | Russell 2000
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Amount: | $4 million
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Maturity: | Dec. 16, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of index return if index return is positive, subject to 29.25% cap; par if index declines by up to 20%; 1% loss for every 1% that index declines beyond 20%
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Initial index level: | 1,122.93
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Buffer level: | 898.344, 80% of initial level
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Strike date: | March 12
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Pricing date: | March 13
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Settlement date: | March 18
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0%
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Cusip: | 17328VB25
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