By Sarah Lizee
Olympia, Wash., Feb. 21 – Citigroup Global Markets Holdings Inc. priced $458,000 of 0% dual directional barrier securities due Feb. 18, 2022 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 125% of the index return, capped at par plus 35%.
If the index falls by up to 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.
|
| Issue: | Dual directional barrier securities
|
| Underlying index: | S&P 500
|
| Amount: | $458,000
|
| Maturity: | Feb. 18, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, plus 125% of return, capped at par plus 35%; if index falls by up to 20%, par plus absolute return; otherwise, 1% loss per 1% decline
|
| Initial level: | 2,775.60
|
| Barrier level: | 2,220.480, 80% of initial level
|
| Pricing date: | Feb. 15
|
| Settlement date: | Feb. 22
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17326YAN6
|
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