By Wendy Van Sickle
Columbus, Ohio, May 20 – Citigroup Global Markets Holdings Inc. priced $8.4 million of 0% buffered Performance Leveraged Upside Securities due Dec. 4, 2024 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 $12.71 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: | $8,402,230
|
| Maturity date: | Dec. 4, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 200% of any index gain, subject to cap of 27.1%; par for losses up to 10%; share in any losses beyond 10% buffer
|
| Initial level: | 4,023.89
|
| Buffer level: | 90% of initial level
|
| Pricing date: | May 13
|
| Settlement date: | May 18
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17330M726
|
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