By Kiku Steinfeld
Chicago, April 4 – Citigroup Global Markets Holdings Inc. priced $847,000 of 0% upturn securities due Jan. 19, 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 20%.
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.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Upturn securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $847,000
|
| Maturity: | Jan. 19, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, subject to 20% cap; full exposure to any losses
|
| Initial index level: | 4,019.65
|
| Pricing date: | Dec. 7
|
| Settlement date: | Dec. 12
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.93%
|
| Cusip: | 17330YW63
|
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