By Marisa Wong
Los Angeles, Aug. 5 – Citigroup Global Markets Holdings Inc. priced $2 million of 0% capped in-gears due Aug. 5, 2026 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 return is greater than 63%, the payout at maturity will be par plus 119.6%.
If the index return is greater than or equal to 23% but less than 63%, the payout will be par plus (i) 23% plus (ii) 2.415 times the excess of the return over 23%.
If the index return is greater than or equal to zero but less than 23%, the payout will be par plus the index return.
Otherwise, investors will be fully exposed to any index decline.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Capped in-gears
|
Underlying index: | S&P 500 index
|
Amount: | $2 million
|
Maturity: | Aug. 5, 2026
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index gains by more than 63%, par plus 119.6%; if index gains by at least 23% but less than 63%, par plus (i) 23% plus (ii) 2.415 times excess of index return over 23%; if index finishes flat or gains by up to 23%, par plus index return; otherwise, full exposure to losses
|
Initial level: | Average of index closing levels on trading days from Aug. 1 through Oct. 27
|
Final level: | Average of index closing levels on trading days from May 1, 2026 through July 31, 2026
|
Pricing date: | Aug. 2
|
Settlement date: | Aug. 5
|
Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
Fees: | 0.25%
|
Cusip: | 17330N658
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.