By Taylor Fox
New York, Nov. 16 – Citigroup Global Markets Holdings Inc. priced $510,000 of 0% barrier securities due Oct. 24, 2025 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 or equal to its initial level, the payout at maturity will be par plus 1.05 times the return of that index.
If the final level of the index is less than its initial level but greater than or equal to its 70% barrier level, the payout will be par.
If the final level of the index is less than the 70% barrier level, investors will be fully exposed to the decline of the index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying indexes: | S&P 500 index
|
| Amount: | $510,000
|
| Maturity: | Oct. 24, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of the index is greater than or equal to its initial level, par plus 1.05 times the return; if the final level of the index is less than its initial level but greater than or equal to its 70% barrier level, par; otherwise, full exposure to the decline of index
|
| Initial levels: | 3,435.56
|
| Barrier levels: | 2,404.892; 70% of initial levels
|
| Pricing date: | Oct. 21
|
| Settlement date: | Oct. 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17328WWD6
|
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