By Wendy Van Sickle
Columbus, Ohio, June 28 – Citigroup Global Markets Holdings Inc. priced $6.47 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due June 24, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 110% of any gain in the index, up to a maximum payout of par plus 28%.
Investors will receive par if the index falls by up to 10%
Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
Wells Fargo Securities, LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
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| Underlying index: | S&P 500 index
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| Amount: | $6.47 million
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| Maturity: | June 24, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 110% of any index gain, subject to par plus 28% maximum return; par if index falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
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| Initial index level: | 3,674.84
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| Buffer level: | 3,307.356, 90% of initial level
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| Pricing date: | June 17
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| Settlement date: | June 23
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| Agents: | Wells Fargo Securities, LLC and Citigroup Global Markets Inc.
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| Fees: | 3.15%
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| Cusip: | 17330P4W6
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