By Wendy Van Sickle
Columbus, Ohio, Jan. 2 – Citigroup Global Markets Holdings Inc. priced $1.17 million of 0% dual directional barrier securities due Dec. 27, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index finishes at or above the initial level, the payout at maturity will be par plus 1.25 times the index return, capped at par plus 33%.
If the index falls but not below its 80% barrier level, the payout at maturity will be par plus the absolute value of the index return.
If the index falls by more than 20%, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional barrier securities
|
| Underlying index: | S&P 500
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| Amount: | $1,173,000
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| Maturity: | Dec. 27, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index gains or finishes flat, par plus 1.25 times the index return, capped at par plus 33%; if index falls but not below its 80% barrier level, par plus the absolute value of the index return; if the index falls by more than 20%, full exposure to any losses
|
| Initial level: | 2,416.62
|
| Barrier level: | 1,933.296, 80% of initial level
|
| Pricing date: | Dec. 21
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| Settlement date: | Dec. 31
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17326Y3X2
|
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