By Wendy Van Sickle
Columbus, Ohio, Sept. 14 – Citigroup Global Markets Holdings Inc. priced $13.11 million of 0% absolute return trigger notes due Sept. 16, 2020 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.
A barrier event occurs if the closing level of the index is above or below its initial level by more than 19.7% on any day during the life of the notes.
If a barrier event has occurred, the payout at maturity will be par plus 2%.
If a barrier event has not occurred, the payout will be par plus the absolute value of the index return, subject to a minimum payout of par and a maximum payout of par plus 19.7%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Absolute return trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $13,105,000
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| Maturity: | Sept. 16, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index closes within upper barrier and lower barrier during life of notes, par plus absolute value of index return, capped at par plus 19.7%, subject to floor of par; otherwise, par plus 2%
|
| Initial index level: | 2,888.92
|
| Lower barrier: | 80.3% of initial level
|
| Upper barrier: | 119.7% of initial level
|
| Pricing date: | Sept. 12
|
| Settlement date: | Sept. 19
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.73%
|
| Cusip: | 17326YTS5
|
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