By William Gullotti
Buffalo, N.Y., April 4 – Citigroup Global Markets Holdings Inc. priced $3.75 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due April 4, 2025 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 200% of any index gain, capped at a maximum return of par plus 25%.
If the index falls by up to 10%, the payout will be par.
Investors will lose 1% for every 1% decline of the index beyond the 10% 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: | S&P 500 index
|
| Amount: | $3,753,000
|
| Maturity: | April 4, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 25%; if index falls by up to 10%, par; otherwise, 1% loss for every 1% decline of index beyond 10% buffer
|
| Initial level: | 4,602.45
|
| Buffer level: | 4,142.205; 90% of initial level
|
| Pricing date: | March 30
|
| Settlement date: | April 4
|
| Agents: | Wells Fargo Securities LLC and Citigroup Global Markets Inc.
|
| Fees: | 3.42%
|
| Cusip: | 17330AKA9
|
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