By Wendy Van Sickle
Columbus, Ohio, May 3 – Citigroup Global Markets Holdings Inc. priced $3.53 million of 0% upturn securities due June 26, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 300% of the gain up to a maximum return of $1,118 per $1,000 principal amount.
Investors will be exposed to any losses.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Upturn securities
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Underlying index: | S&P 500
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Amount: | $3,525,000
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Maturity: | June 26, 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 11.8%; 1% loss per 1% decline
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Initial level: | 2,939.88
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Pricing date: | April 26
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Settlement date: | April 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2.35%
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Cusip: | 17326YP75
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