By William Gullotti
Buffalo, N.Y., Nov. 14 – Citigroup Global Markets Holdings Inc. priced $2.29 million of 0% contingent barrier notes due Nov. 13, 2024 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
If the index declines but not below the 72.9% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline from the index’s initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Contingent barrier notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,285,000
|
| Maturity: | Nov. 13, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index falls but not below barrier level; otherwise, full exposure to decline from initial level
|
| Initial share price: | 3,770.55
|
| Barrier level: | 2,748.731; 72.9% of initial level
|
| Strike date: | Nov. 4
|
| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 10
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17330YLD0
|
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