By Marisa Wong
Los Angeles, Jan. 3 – Citigroup Global Markets Holdings Inc. priced $23.65 million of 0% buffered notes due March 20, 2024 tied to the S&P 500 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 1.3 times the gain, up to a maximum payout of par plus 24.05%.
If the index finishes flat or falls by up to 15%, investors will receive par. Investors will lose 1.1765% for every 1% decline beyond 15%.
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: | Buffered notes
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Underlying index: | S&P 500 index
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Amount: | $23,652,000
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Maturity: | March 20, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.3 times any index gain, capped at par plus 24.05%; par if index finishes flat or falls by up to 15%; otherwise, 1.1765% loss for every 1% decline beyond 15%
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Initial index level: | 4,791.19
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Pricing date: | Dec. 27
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Settlement date: | Jan. 3
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | None
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Cusip: | 17329UQ38
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