By William Gullotti
Buffalo, N.Y., Nov. 15 – Citigroup Global Markets Holdings Inc. priced $3 million of 0% capped trigger gears due Nov. 14, 2024 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 double the gain, up to a maximum gain of 26.3%.
If the index finishes flat or falls by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Capped trigger gears
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| Underlying index: | Nasdaq-100 index
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| Amount: | $3 million
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| Maturity: | Nov. 14, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus two times any index gain, up to a maximum gain of 26.3%; par if index finishes at or above downside threshold; otherwise, investors will lose 1% for each 1% index decline from initial level
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| Initial level: | 16,336.03
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| Downside threshold: | 12,252.02; 75% of initial level
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| Strike date: | Nov. 8
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| Pricing date: | Nov. 9
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| Settlement date: | Nov. 12
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17329T401
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