By Sarah Lizee
Olympia, Wash., Oct. 31 – Citigroup Global Markets Holdings Inc. priced $2.92 million of 0% buffered index-linked notes due July 8, 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.
The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $1,238.50 per $1,000 of notes.
Investors will receive par if the index finishes flat or falls by up to 10% and lose 1.1111% for each 1% index decline beyond the 10% buffer.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $2.92 million
|
| Maturity: | July 8, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 150% of index return, subject to maximum payment of $1,238.50 per $1,000 principal amount; par if index falls by up to 10%; 1.1111% loss per 1% decline beyond 10%
|
| Initial level: | 2,658.69
|
| Pricing date: | Oct. 26
|
| Settlement date: | Nov. 2
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17326Y5A0
|
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