By William Gullotti
Buffalo, N.Y., Nov. 4 – Citigroup Global Markets Holdings Inc. priced $6.12 million of 0% upturn securities due Nov. 2, 2026 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 133% of the laggard index’s return.
Investors will be fully exposed to any losses of the worst performing index.
The notes are guaranteed by Citigroup Inc.
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: | Upturn securities
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| Underlying indexes: | S&P 500 index, Dow Jones industrial average
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| Amount: | $6.12 million
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| Maturity: | Nov. 2, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 133% of the gain of the least performing index; full exposure to decline of worst performer from its initial level
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| Initial index levels: | 35,730.48 for Dow, 4,596.42 for S&P
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| Pricing date: | Oct. 28
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| Settlement date: | Nov. 2
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3%
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| Cusip: | 17329U5K3
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