By Wendy Van Sickle
Columbus, Ohio, June 7 – Citigroup Global Markets Holdings Inc. priced $2.66 million of 0% market-linked securities – leveraged upside participation to a cap and contingent downside due June 5, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 140% of any gain in the index up to a maximum of par plus 90%.
If the index falls but not beyond 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
Citigroup Global Markets Inc.is the lead agent and Wells Fargo Securities, LLC is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities – leveraged upside participation to a cap and contingent downside
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,664,000
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| Maturity: | June 5, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 140% of any gain index up to a maximum of par plus 90%; par if index falls by up to 25%; otherwise, 1% loss for every 1% decline
|
| Initial level: | 4,132.15
|
| Barrier level: | 3,099.1125, 75% of initial level
|
| Pricing date: | May 31
|
| Settlement date: | June 6
|
| Lead agent: | Citigroup Global Markets Inc. with Wells Fargo Securities, LLC as agent
|
| Fees: | 4.25%
|
| Cusip: | 17330FKQ3
|
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