By Kiku Steinfeld
Chicago, Oct. 14 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% barrier securities due Feb. 23, 2024 linked to the S&P 500 index, according to a 424B8 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus the return, capped at par plus 35.5%.
Investors will receive par if the index declines but ends at or above the 70% barrier and will lose 1% for every 1% that the index declines if it finishes below the barrier.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Barrier securities
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Underlying index: | S&P 500 index
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Amount: | $1 million
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Maturity: | Feb. 23, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus return, capped at par plus 35.5%; par if index declines but finishes at or above the 70% barrier; otherwise, exposure index decline from initial level
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Upside leverage: | 0%
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Cap: | 35.5%
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Initial level: | 4,348.87
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Final barrier: | 3,044.209, 70% of initial level
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Pricing date: | Feb. 18
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Settlement date: | Feb. 24
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0%
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Cusip: | 17330ASY9
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