By Wendy Van Sickle
Columbus, Ohio, May 27 – Citigroup Global Markets Holdings Inc. priced $2.97 million of 0% buffered notes due Nov. 29, 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 20.175%.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% per 1% drop beyond 12.5%.
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: | Buffered notes
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Underlying index: | S&P 500
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Amount: | $2,968,000
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Maturity: | Nov. 29, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 20.175%; par if the index falls by up to 12.5%; 1.1429 % loss per 1% drop beyond 12.5%
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Initial index level: | 2,948.51
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Pricing date: | May 21
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Settlement date: | May 29
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | None
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Cusip: | 17328VUQ1
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