Chicago, Sept. 16 – Citigroup Global Markets Holdings Inc. priced $1.23 million of 0% contingent upside participation market-linked notes due July 30, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index ever closes above its knock-out level of 134% of its initial value during the life of the notes the payout at maturity will be par plus 1%.
Otherwise investors will receive par plus 100% of any positive index return.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Contingent upside participation market-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1.23 million
|
| Maturity: | July 30, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index ever closes above 134% knock-out level during the life of the notes par plus 1%; otherwise par plus 100% of any positive index return
|
| Initial level: | 4,356.45
|
| Knock-out return: | 1%
|
| Knock-out level: | 5,837.643, 134% of initial level
|
| Upside leverage: | 100%
|
| Call: | Non-callable
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 28
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17329UXG1
|
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