Chicago, April 15 – Citigroup Global Markets Holdings Inc. priced $2.96 million of 0% buffer notes due Dec. 15, 2021 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.
The payout at maturity will be par plus 1.5 times any index gain, capped at par plus 23.625%.
Investors will receive par if the index falls by up to 15% and will lose 1.1765 % per 1% drop beyond 15%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,960,000
|
| Maturity: | Dec. 15, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 23.625%; par if the index falls by up to 15%; 1.1765 % loss per 1% drop beyond 15%
|
| Initial index level: | 2,488.65
|
| Pricing date: | April 3
|
| Settlement date: | April 13
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17328VBK5
|
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