By Wendy Van Sickle
Columbus, Ohio, June 5 – Citigroup Global Markets Holdings Inc. priced $4.46 million of 0% buffer securities due Feb. 3, 2022 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, subject to a 15.25% maximum return.
Investors will receive par if the index falls by up to 15% and will lose 1% per 1% drop beyond 15%.
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
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Amount: | $4.46 million
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Maturity: | Feb. 3, 2022
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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, subject to a 15.25% maximum return; par if index declines by up to 15%; 1% loss for every 1% index decline beyond 15%
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Initial index level: | 3,044.31
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Buffer level: | 2,587.6635, 85% of initial level
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Pricing date: | May 29
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Settlement date: | June 3
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0%
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Cusip: | 17328VLR9
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