By Wendy Van Sickle
Columbus, Ohio, Oct. 25 – Citigroup Global Markets Holdings Inc. priced $3.79 million of 0% barrier absolute return market-linked notes with daily barrier observation due Oct. 23, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
A barrier event will occur if the index closes above the upper barrier, 123% of the initial level, or below the lower barrier, 77% of the initial level, during the life of the notes.
If a barrier event occurs, the payout at maturity will be par of $1,000 plus 1%.
If no barrier event occurs, the payout will be par plus the absolute value of the index return.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier absolute return market-linked notes with daily barrier observation
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,786,000
|
| Maturity: | Oct. 23, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index closes above the upper barrier or below the lower barrier on any day during the life of the notes (a barrier event), par plus 1%; if index does not close above the upper barrier or below the lower barrier during the life of the notes, par plus the absolute value of the index return
|
| Initial level: | 3,695.16
|
| Upper barrier: | 4,545.05, 123% of initial level
|
| Lower barrier: | 2,845.27, 77% of initial level
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| Pricing date: | Oct. 19
|
| Settlement date: | Oct. 24
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17330Y6Q8
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