By William Gullotti
Buffalo, N.Y., April 11 – Citigroup Global Markets Holdings Inc. priced $4.6 million of 0% buffer securities due April 13, 2028 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the S&P 500 index with an 80% weight and the MSCI EAFE index with a 20% weight.
The payout at maturity will be par plus 1.12 times any positive return of the basket.
If the basket falls by up to 20%, the payout will be par. Investors will be exposed to declines in the basket below 20%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying basket: | S&P 500 index (80% weight), MSCI EAFE index (20% weight)
|
| Amount: | $4,595,000
|
| Maturity: | April 13, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.12 times any positive basket return; par if basket falls by up to 20%; lose 1% for every 1% decline of basket beyond 20%
|
| Initial levels: | 4,481.15 for S&P, 2,141.33 for EAFE
|
| Buffer level: | 80% of initial levels
|
| Pricing date: | April 6
|
| Settlement date: | April 13
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17330FGW5
|
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