By William Gullotti
Buffalo, N.Y., July 6 – Citigroup Global Markets Holdings Inc. priced $2.98 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 5, 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 125% of any index gain, capped at a maximum return of par plus 19%.
If the index falls by up to 10%, the payout will be par.
Investors will lose 1% for every 1% decline of the index beyond the 10% buffer.
The notes are guaranteed by Citigroup Inc.
Wells Fargo Securities LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,976,000
|
| Maturity: | Jan. 5, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any index gain, capped at 19%; if index falls by up to 10%, par; otherwise, 1% loss for every 1% decline of index beyond 10% buffer
|
| Initial level: | 3,818.83
|
| Buffer level: | 3,436.947; 90% of initial level
|
| Pricing date: | June 29
|
| Settlement date: | July 5
|
| Agents: | Wells Fargo Securities LLC and Citigroup Global Markets Inc.
|
| Fees: | 2.67%
|
| Cusip: | 17330P5J4
|
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