By Sarah Lizee
Olympia, Wash., July 11 – Citigroup Global Markets Holdings Inc. priced $3.19 million of 0% buffer securities due Aug. 30, 2019 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 150% of any index gain, subject to a maximum return of 11.9%.
Investors will receive par if the index falls by up to the buffer amount of 10% and will lose 1% for every 1% that the index declines beyond the buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying index: | S&P 500
|
| Amount: | $3,194,000
|
| Maturity: | Aug. 30, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, subject to maximum return of 11.9%; par if the index falls by up to 10%; 1% loss for every 1% decline beyond 10% buffer
|
| Initial level: | 2,759.82
|
| Pricing date: | July 9
|
| Settlement date: | July 16
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.1%
|
| Cusip: | 17324CXT8
|
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