By William Gullotti
Buffalo, N.Y., March 27 – Citigroup Global Markets Holdings Inc. priced $4.8 million of 0% index-linked notes due April 23, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 300% of any index gain, subject to a maximum payout of par plus 14.46%.
Investors will be fully exposed to any index decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $4.8 million
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| Maturity: | April 23, 2025
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 300% of index return capped at 14.46%; full exposure to decline
|
| Initial index level: | 5,241.53
|
| Pricing date: | March 21
|
| Settlement date: | March 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.09%
|
| Cusip: | 17291LKP9
|
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