By Kiku Steinfeld
Chicago, Nov. 30 – Citigroup Global Markets Holdings Inc. priced $1.49 million of 0% dual directional buffer participation notes due June 3, 2022 linked to the Nasdaq-100 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 the gain, capped at 12.5%.
If the index finishes flat or falls by up to 10%, payout will be par plus the absolute value of the index return. Otherwise, investors will lose 1% for every 1% index decline beyond 10%.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management as a selected dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional buffer participation notes
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| Underlying index: | Nasdaq-100
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| Amount: | $1,487,700
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| Maturity: | June 3, 2022
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Par plus any index gain, capped at 12.5%; if index falls by up to 10%, par plus the absolute value of the index return; otherwise, 1% loss for every 1% index decline beyond 10%
|
| Initial level: | 11,937.84
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| Buffer level: | 90% of initial level
|
| Pricing date: | Nov. 13
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| Settlement date: | Nov. 18
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| Agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as selected dealer
|
| Fees: | 2.5%
|
| Cusip: | 17328L516
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