By Marisa Wong
Los Angeles, Nov. 8 – Citigroup Global Markets Holdings Inc. priced $72.39 million of 0% index-linked notes due Aug. 7, 2023 linked to the Euro Stoxx 50 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 triple any index gain, subject to a maximum settlement amount of $1,300 per $1,000 principal amount.
Investors will be fully exposed to any index decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $72,385,000
|
| Maturity: | Aug. 7, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at par plus 30%; full exposure to losses
|
| Initial index level: | 4,280.47
|
| Pricing date: | Nov. 1
|
| Settlement date: | Nov. 8
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.75%
|
| Cusip: | 17329UB59
|
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