By Wendy Van Sickle
Columbus, Ohio, Dec. 4 – Citigroup Global Markets Holdings Inc. priced $365,000 of 0% buffer securities due Dec. 3, 2020 linked to the worst performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final level of the lesser-performing index is greater than or equal to its initial level, the payout at maturity will be par plus 140% of the return of the lesser-performing index, subject to a maximum payout of par plus 45%.
If the final level of the lesser-performing index is less than its initial level by up to 20%, the payout will be par.
If the final level of the lesser-performing index is less than its initial level by more than 20%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 20%.
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: | Buffer securities
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| Underlying indexes: | S&P 500 and Euro Stoxx 50
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| Amount: | $365,000
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| Maturity: | Dec. 3, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of lesser-performing index is greater than or equal to its initial level, par plus 140% of return of lesser-performing index, capped at 45%; if lesser-performing index falls by up to 20%, par; otherwise, 1% loss for every 1% that lesser-performing index declines beyond 20%
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| Initial levels: | 2,627.04 for S&P, 3,583.49 for Euro Stoxx
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| Pricing date: | Nov. 28
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| Settlement date: | Dec. 1
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17324CNS1
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