By Taylor Fox
New York, Nov. 23 – Citigroup Global Markets Holdings Inc. priced $1.58 million of 0% market-linked securities – upside participation to a cap and fixed percentage buffered downside due Nov. 4, 2026 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 any gain in the index, up to a maximum payout of par plus 62%.
If the index falls by up to 15%, the payout will be par.
Investors will lose 1% for every 1% decline of the index beyond 15%.
Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities – upside participation to a cap and fixed percentage buffered downside
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,581,000
|
| Maturity: | Nov. 4, 2026
|
| Coupon: 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain in the index, up to maximum payout of par plus 62%; if index falls by up to 15%, par; otherwise, 1% loss for every 1% decline of index beyond 15%
|
| Initial share price: | 3,269.96
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 4
|
| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities LLC
|
| Fees: | 4.73%
|
| Cusip: | 17328WQ76
|
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