By William Gullotti
Buffalo, N.Y., Dec. 1 – Citigroup Global Markets Holdings Inc. priced $3.34 million of 0% dual directional market-linked notes due Nov. 28, 2025 linked to the S&P 500 Daily Risk Control 5% Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes positive, the payout at maturity will be par plus 2.75 times the index return.
Otherwise, investors will gain 1% for every 1% decline of the index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional market-linked notes
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| Underlying index: | S&P 500 Daily Risk Control 5% Excess Return index
|
| Amount: | $3,336,000
|
| Maturity: | Nov. 28, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes positive, par plus 2.75 times the return; otherwise, par plus absolute value of index return
|
| Initial level: | 158.66
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.8%
|
| Cusip: | 17330YLY4
|
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