By Marisa Wong
Morgantown, W.Va., May 5 – Citigroup Global Markets Holdings Inc. priced $975,000 of 0% buffer securities due April 28, 2022 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 any index gain. Investors will receive par if the index falls by up to the buffer amount of 15% and will lose 1% for every 1% that the index declines beyond the buffer.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Buffer securities
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Underlying index: | S&P 500
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Amount: | $975,000
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Maturity: | April 28, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if the index falls by up to the buffer amount of 15%; 1% loss for every 1% decline beyond the buffer
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Initial level: | 2,388.61
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Pricing date: | April 25
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Settlement date: | April 28
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Agent: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17324CHB5
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