By Susanna Moon
Chicago, March 20 – Citigroup Global Markets Holdings Inc. priced $2.45 million of 0% buffer securities due March 5, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 19.5%.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by Citigroup Inc.
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 index: | S&P 500
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| Amount: | $2,445,000
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| Maturity: | March 5, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any index gain, capped at 19.5%; par if index falls by up to 15%; 1% loss for every 1% decline beyond 15%
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| Initial level: | 2,691.25
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| Pricing date: | March 2
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| Settlement date: | March 7
|
| Agent: | Citigroup Global Markets Inc.
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| Fees: | None
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| Cusip: | 17324CSE7
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