By William Gullotti
Buffalo, N.Y., June 17 – Citigroup Global Markets Holdings Inc. priced $1.08 million of 0% buffer securities due May 31, 2024 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.
If the index finishes above its initial level, the payout at maturity will be par plus 200% of the index gain, capped at par plus 26.65%. If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Buffer securities
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| Underlying index: | S&P 500 index
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| Amount: | $1.08 million
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| Maturity: | May 31, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 26.65%; par if index falls by up to 10%; otherwise, 1% loss for every 1% index decline beyond 10%
|
| Initial level: | 3,900.86
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| Buffer level: | 3,510.774; 90% of initial level
|
| Pricing date: | June 10
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| Settlement date: | June 15
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.8%
|
| Cusip: | 17330P3X5
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