By Taylor Fox
Chicago, July 28 – Citigroup Global Markets Holdings Inc. priced $1.75 million of 0% buffered index-linked notes due Jan. 12, 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.
If the final level of the index is greater than its initial level, investors will receive par plus 1.4 times the index return at maturity, subject to the maximum settlement amount of $1,189 per $1,000 principal amount of notes.
If the index declines, but not more than 10%, investors will receive par.
Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,745,000
|
| Maturity: | Jan. 12, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index return is positive, par plus 1.4 times index return, subject to maximum settlement of $1,189 per $1,000 of notes; par if index declines by up to 10%, investors will lose 1.1111% for every 1% that the index declines beyond 10%
|
| Initial index level: | 3,276.02
|
| Buffer level: | 90% of initial level
|
| Pricing date: | July 22
|
| Settlement date: | July 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17328W4U9
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