Chicago, Dec. 14 – Citigroup Global Markets Holdings Inc. priced $7.97 million of 0% buffered Performance Leveraged Upside Securities due Oct. 4 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum payout of $11.60 per note.
Investors will receive par for losses up to 10% and will share in any losses beyond the 10% buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $7,969,000
|
| Maturity date: | Oct. 4, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 200% of any index gain, subject to cap of 16%; par for losses up to 10%; share in any losses beyond 10%
|
| Initial level: | 3,972.89
|
| Buffer level: | 90% of initial level
|
| Pricing date: | March 31
|
| Settlement date: | April 6
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17329B830
|
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