By William Gullotti
Buffalo, N.Y., June 14 – Citigroup Global Markets Holdings Inc. priced $3.33 million of 0% index-linked notes due July 10, 2025 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.
A knock-out event will occur if the index closes at or above 140% of initial level on any trading day during the life of the notes.
If a knock-out event has occurred, the payout at maturity will be par plus 11.58%.
If a knock-out event has not occurred, the payout at maturity will be par plus the index return, subject to a floor of par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $3,325,000
|
| Maturity: | July 10, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If a knock-out event has occurred, par plus 11.58%; if a knock-out has not occurred, par plus the index return with a floor of par
|
| Initial index level: | 4,160.68
|
| Knock-out level: | 140% of initial level
|
| Principal protection: | 100%
|
| Pricing date: | June 7
|
| Settlement date: | June 14
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.6%
|
| Cusip: | 17330FKF7
|
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