New York, Feb. 1 – Citigroup Global Markets Holdings Inc. priced $8.89 million of 0% buffered notes due Jan. 30, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 2 times the index return up to a maximum payout of par plus 33.5%. If the index falls but ends above its 15% buffer the payout at maturity will be par. Otherwise investors will lose 1.1765% for every 1% decline in the index beyond its buffer.
The notes are non-callable.
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 notes
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| Underlying index: | Russell 2000 index
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| Amount: | $8,886,000
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| Maturity: | Jan. 30, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any gain up to par plus 33.5%; if declines but by no more than 15% buffer, par; otherwise par plus reduced by 1.1765% for every 1% that index declines beyond the buffer
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| Initial level: | 1,903.064
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| Buffer: | 15%
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| Call: | Non-callable
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17331CH75
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