By Kiku Steinfeld
Chicago, Nov. 16 – Citigroup Global Markets Holdings Inc. priced $987,500 of 0% capped trigger gears due Oct. 31, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 2 times the gain, up to a maximum gain of 25.8%.
If the index finishes flat or falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
UBS Financial Services Inc. 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: | Capped trigger gears
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| Underlying index: | Russell 2000 index
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| Amount: | $987,500
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| Maturity: | Oct. 31, 2023
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Par plus 2 times any index gain, up to a maximum gain of 25.8%; par if index finishes at or above downside threshold; otherwise, investors will lose 1% for each 1% index decline
|
| Initial level: | 1,590.482
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| Downside threshold: | 1,192.862, 75% of initial level
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| Pricing date: | Oct. 27
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| Settlement date: | Oct. 30
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 05591G363
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