Chicago, Jan. 27 – Citigroup Global Markets Holdings Inc. priced $2.19 million of 0% upturn securities due Feb. 2, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of par plus 17%.
Investors will be fully exposed to any losses of the index.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Upturn securities
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| Underlying index: | S&P 500 index
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| Amount: | $2,187,950
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| Maturity: | Feb. 2, 2024
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus 300% of any index gain, subject to 17% cap; full exposure to any losses
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| Initial index level: | 4,016.95
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 27
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.75%
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| Cusip: | 17331CDK0
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