By William Gullotti
Buffalo, N.Y., March 14 – Citigroup Global Markets Holdings Inc. priced $1.59 million of 0% dual directional market-linked notes due March 3, 2027 linked to the S&P 500 Daily Risk Control 5% Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes positive, the payout at maturity will be par plus 1.58 times the return.
If the index declines, the payout will be par plus the absolute value of the index return.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional market-linked notes
|
| Underlying index: | S&P 500 Daily Risk Control 5% Excess Return index
|
| Amount: | $1,589,000
|
| Maturity: | March 3, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes positive, par plus 1.58 times the return; otherwise, par plus the absolute value of the index return
|
| Initial level: | 170.48
|
| Pricing date: | Feb. 26
|
| Settlement date: | Feb. 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.05%
|
| Cusip: | 17291LBA2
|
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