By Wendy Van Sickle
Columbus, Ohio, Jan. 30 – Citigroup Global Markets Holdings Inc. priced $20.14 million of 0% index-linked notes due April 29, 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 150% of any index gain, up to a maximum settlement amount of par plus 17.94%.
Investors will have full exposure to any index decline.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $20,135,000
|
| Maturity: | April 29, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 150% of index return, subject to maximum payment of par plus 17.94%; full exposure to loss
|
| Initial index level: | 4,894.16
|
| Pricing date: | Jan. 25
|
| Settlement date: | Feb. 1
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17291LAY1
|
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