By Susanna Moon
Chicago, March 2 – Citigroup Global Markets Holdings Inc. priced $473,100 of 0% trigger gears due Feb. 28, 2020 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 of $10 plus 1.43 times any index gain.
Investors will receive par if the index falls by up to 15% and will be fully exposed to any losses if the index finishes below the 85% trigger level.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Trigger gears
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| Underlying index: | S&P 500
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| Amount: | $473,100
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| Maturity: | Feb. 28, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.43 times any index gain; par if the index falls by up to 15% and will be fully exposed to any losses if the index finishes below 85% trigger level
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| Initial index level: | 2,363.81
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| Trigger level: | 2,009.2385, 85% of initial level
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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| Fees: | None
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| Cusip: | 17325E283
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