By Wendy Van Sickle
Columbus, Ohio, Sept. 21 – Citigroup Global Markets Holdings Inc. priced $15.9 million of 0% buffered index-linked notes due Oct. 19, 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.
The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $1,076 per $1,000 of notes.
Investors will receive par if the index finishes flat or falls by up to 15% and lose 1.1765% for each 1% index decline beyond the 15% buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $15.9 million
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| Maturity: | Oct. 19, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 150% of index return, subject to maximum payment of $1,076 per $1,000 principal amount; par if index falls by up to 15%; 1.1765% loss per 1% decline beyond buffer
|
| Initial index level: | 4,473.75
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| Buffer value: | 85% of initial level
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| Pricing date: | Sept. 16
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| Settlement date: | Sept. 23
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.09%
|
| Cusip: | 17329QQ86
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