By Wendy Van Sickle
Columbus, Ohio, Aug. 9 – Citigroup Global Markets Holdings Inc. revised the maturity date for its previously announced pricing of $10 million of 0% dual directional trigger Performance Leveraged Upside Securities linked to the S&P 500 index, according to a revised 424B2 filing with the Securities and Exchange Commission.
The notes will mature Aug. 1, 2019, a year later than the originally announced Aug. 1, 2018.
The notes will be guaranteed by Citigroup Inc.
If the index finishes at or above the initial level, the payout at maturity will be par plus the 200% of the index gain up to a maximum return of 26.75%.
If the index falls by up to 20%, the payout at maturity will be par plus the absolute value of the index return.
If the index finishes below the 80% trigger level, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional trigger Performance Leveraged Upside Securities
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| Underlying index: | S&P 500
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| Amount: | $10 million
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| Maturity: | Aug. 1, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If final index level is greater than initial index level, par plus 200% of index return, up to 26.75% maximum return; if final index level is less than or equal to initial index level but greater than or equal to trigger level, par plus absolute value of index return; if final index level is less than trigger level, full exposure to decline from initial index level
|
| Initial index level: | 2,173.60
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| Trigger level: | 1,738.88, 80% of initial level
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| Pricing date: | July 29
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| Settlement date: | Aug. 3
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| Underwriter: | Citigroup Global Markets Inc.
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| Selected dealer: | Morgan Stanley Wealth Management
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| Fees: | 3%
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| Cusip: | 17324P404
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