By Susanna Moon
Chicago, Feb. 4 – Citigroup Global Markets Holdings Inc. priced $600,000 of 0% buffer notes due Feb. 5, 2020 linked to Alphabet Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any stock gain, up to a maximum return of 14%.
Investors will receive par if the stock falls by up to 15% and will lose 1.1765% for each 1% drop beyond 15%.
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: | Buffer notes
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| Underlying stock: | Alphabet Inc. (Symbol: GOOGL)
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| Amount: | $600,000
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| Maturity: | Feb. 5, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any stock gain, capped at 14%; par if stock declines by up to 15%; 1.1765% loss per 1% decline beyond 15%
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| Initial level: | $1,107.30
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| Barrier level: | 85% of initial level
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| Pricing date: | Jan. 18
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| Settlement date: | Jan. 24
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| Agents: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17326Y3Z7
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