By Susanna Moon
Chicago, Dec. 14 – Citigroup Global Markets Holdings Inc. priced $3.77 million of 0% notes due Feb. 28, 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 300% of any index gain, up to a maximum settlement amount of $1,183.60 for each $1,000 principal amount.
Investors will be exposed to any losses.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Notes
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| Underlying index: | S&P 500
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| Amount: | $3.77 million
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| Maturity: | Feb. 28, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any index gain, capped at 18.36%; 1% loss per 1% decline
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| Initial level: | 2,673.45
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| Pricing date: | Nov. 26
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| Settlement date: | Dec. 3
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| Agents: | Citigroup Global Markets Inc.
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| Fees: | 1.17%
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| Cusip: | 17326YTL0
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