By William Gullotti
Buffalo, N.Y., Jan. 6 – Citigroup Global Markets Holdings Inc. priced $2.34 million of 0% market-linked securities – upside participation to a cap with contingent absolute return and fixed percentage buffered downside due July 1, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par any index gain, subject to a maximum return of par plus 17%.
If the index falls by up to 15%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
The notes are guaranteed by Citigroup Inc.
Wells Fargo Securities LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities – upside participation to a cap with contingent absolute return and fixed percentage buffered downside
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,341,000
|
| Maturity: | July 1, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain capped at 17%; if index falls by up to 15%, par plus the absolute value of index return; otherwise, 1% loss for each 1% decline beyond 15%
|
| Initial level: | 3,844.82
|
| Barrier level: | 3,268.097; 85% of initial level
|
| Pricing date: | Dec. 23
|
| Settlement date: | Dec. 29
|
| Agents: | Wells Fargo Securities LLC and Citigroup Global Markets Inc.
|
| Fees: | 2.07%
|
| Cusip: | 17330YVC1
|
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