By Marisa Wong
Morgantown, W.Va., May 5 – Citigroup Global Markets Holdings Inc. priced $9.89 million of 0% capped gears due June 29, 2018 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.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 3 times the index return, subject to a maximum gain of 10.75%. If the index return is negative, investors will be exposed to the index’s decline.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Capped gears
|
| Underlying index: | S&P 500
|
| Amount: | $9,889,490
|
| Maturity: | June 29, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 3 times any index gain, return capped at 10.75%; full exposure to any losses
|
| Initial level: | 2,388.61
|
| Pricing date: | April 25
|
| Settlement date: | April 28
|
| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17325E481
|
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