By Wendy Van Sickle
Columbus, Ohio, Jan. 9 – Citigroup Global Markets Holdings Inc. priced $3.15 million of 0% buffered index-linked notes due April 9, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The payout at maturity will be par plus 200% of any index gain, up to a maximum settlement amount of par plus 16.1%.
Investors will receive par if the index falls by up to the 10% buffer and will lose 1.1111% for each 1% decline beyond the buffer.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,145,000
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| Maturity: | April 9, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 200% of index return, subject to maximum payment of par plus 16.1%; par if index falls by up to 10%; 1.1111% loss for every 1% decline in index beyond 10%
|
| Initial index level: | 4,704.81
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Jan. 3
|
| Settlement date: | Jan. 10
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0%
|
| Cusip: | 17291TWW4
|
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