New York, Nov. 30 – Citigroup Global Markets Holdings Inc. priced $1.61 million of 7% buffered equity linked securities due Nov. 28, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid quarterly.
If the index finishes at or above 85% of initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% the index declines beyond 15%.
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: | Buffered equity linked securities
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Underlying index: | Russell 2000 index
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Amount: | $1.61 million
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Maturity: | Nov. 28, 2025
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Coupon: | 7%, paid quarterly
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Price: | Par
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Payout at maturity: | Par if index finishes at or above buffer level; otherwise 1% loss for each 1% that index declines beyond 15%
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Initial level: | 1,860.441
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Buffer: | 15%
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Buffer level: | 1,581.375, 85% of initial level
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Pricing date: | Nov. 22
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Settlement date: | Nov. 28
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.75%
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Cusip: | 17330YDD9
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