By William Gullotti
Buffalo, N.Y., Jan. 5 – Citigroup Global Markets Holdings Inc. priced $1.64 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due July 5, 2023 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any index gain, capped at a maximum return of par plus 12%.
If the index falls by up to 7.5%, the payout will be par.
Investors will lose 1% for every 1% decline of the index beyond the 7.5% buffer.
The notes are guaranteed by Citigroup Inc.
Wells Fargo Securities LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $1,643,000
|
| Maturity: | July 5, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 12%; if index falls by up to 7.5%, par; otherwise, 1% loss for every 1% decline of index beyond 7.5% buffer
|
| Initial level: | 16,429.1
|
| Buffer level: | 15,196.9175; 92.5% of initial level
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 4
|
| Agents: | Wells Fargo Securities LLC and Citigroup Global Markets Inc.
|
| Fees: | 2.475%
|
| Cusip: | 17329USR3
|
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