By Marisa Wong
Morgantown, W.Va., Dec. 6 – Citigroup Global Markets Holdings Inc. priced $2.48 million of 0% trigger gears due Nov. 30, 2027 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 finishes above its initial level, the payout at maturity will be par plus 1.45 times the gain.
If the index finishes flat or falls by up to 50%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,481,700
|
| Maturity: | Nov. 30, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.45 times any index gain; par if index finishes at or above downside threshold; otherwise, investors will lose 1% for each 1% index decline
|
| Initial level: | 2,601.42
|
| Downside threshold: | 1,300.71, 50% of initial level
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
|
| Fees: | 5%
|
| Cusip: | 17325K842
|
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