By Kiku Steinfeld
Chicago, Nov. 8 – Citigroup Global Markets Holdings Inc. priced $2.85 million of 0% buffered notes due July 31, 2023 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is positive, the payout at maturity will be par plus 2 times the gain, up to a maximum payout of par plus 20.2%.
If the index finishes flat or falls by up to 10%, investors will receive par. Investors will lose 1.1111% for every 1% decline beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffered notes
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| Underlier: | Euro Stoxx 50
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| Amount: | $2.85 million
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| Maturity: | July 31, 2023
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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 2 times the gain, up to a maximum payout of par plus 20.2%; if index finishes flat or falls by up to 10%, par; otherwise, 1.1111% loss for every 1% decline beyond 10%
|
| Initial index level: | 4,064.83
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| Buffer level: | 3,658.347; 90% of initial level
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| Pricing date: | July 27
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| Settlement date: | July 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17329Q6B1
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