By Wendy Van Sickle
Columbus, Ohio, July 1 – Citigroup Global Markets Holdings Inc. priced $25 million 0% market-linked securities with leveraged upside participation to a cap and 1-to-1 downside exposure due July 23, 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 3 times any index gain, up to par plus 17%.
If the index falls, investors will lose 1% for every 1% decline.
Wells Fargo Securities LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities – upside leveraged upside participation to a cap and 1-to-1 downside exposure
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| Underlying index: | S&P 500
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| Amount: | $25 million
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| Maturity: | July 23, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 3 times any gain in index, up to par plus 17%; if index falls 1% loss for every 1% decline of index
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| Initial index level: | 3,009.05
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| Pricing date: | June 26
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| Settlement date: | June 30
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| Agents: | Wells Fargo Securities LLC and Citigroup Global Markets Inc.
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| Fees: | 1.85%
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| Cusip: | 17328VM64
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