By Taylor Fox
New York, Nov. 23 – Citigroup Global Markets Holdings Inc. priced $512,000 of 0% buffered notes due April 18, 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 or equal to its initial level, the payout at maturity will be par plus the index return subject to a maximum settlement amount of par plus 12%.
Investors will receive par if the final index level declines, but not more than 10%.
Otherwise, investors will lose 1% 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 notes
|
| Underlying index: | S&P 500 index
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| Amount: | $512,000
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| Maturity: | April 18, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater or equal to its initial level, par plus the index return subject to a maximum settlement amount of par plus 12%; if the index falls but not more than 10%, par; 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 3,545.53
|
| Buffer value: | 90% of initial level
|
| Pricing date: | Nov. 11
|
| Settlement date: | Nov. 16
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17328WT32
|
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