New York, Nov. 14 – Citigroup Global Markets Holdings Inc. priced $3.2 million of 0% trigger participation securities due Nov. 14, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus of the index return. Investors will receive par if the index falls but finishes at or above the 71% trigger level. If the index finishes below the trigger level investors will lose 1% for every 1% that it declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Trigger participation securities
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| Underlying index: | S&P 500 index
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| Amount: | $3.2 million
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| Maturity: | Nov. 14, 2024
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| Coupon: | 0%
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| Price: | $10.00
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| Payout at maturity: | If index return is positive, par plus of the index gain; par if index declines but finishes at or above trigger level; 1% loss for every 1% index decline if index finishes below trigger level
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| Initial level: | 3,828.11
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| Trigger level: | 2,717.958, 71% of initial level
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| Upside leverage: | None
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| Cap: | None
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| Pricing date: | Nov. 8
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| Settlement date: | Nov. 14
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.25% including a structuring fee of 0.25%
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| Cusip: | 17330X292
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