Chicago, Sept. 13 – Citigroup Global Markets Holdings Inc. priced $3.62 million of 5.25% buffered equity linked securities due Aug. 29, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Coupons are paid quarterly.
If the index gains or declines but by no more than its 15% buffer the payout at maturity will be par. Otherwise investors will lose 1% for every 1% the index declines beyond its buffer.
The notes are non-callable.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered equity linked securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,618,000
|
| Maturity: | Aug. 29, 2025
|
| Coupon: | 5.25%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par if index gains or declines but by no more than 15% buffer; otherwise, 1% loss for each 1% that index declines beyond the buffer
|
| Initial level: | 4,057.66
|
| Buffer: | 15%
|
| Buffer level: | 3,449.011, 85% of initial level
|
| Call: | Non-callable
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.75%
|
| Cusip: | 17330PWP0
|
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