By Marisa Wong
Morgantown, W.Va., May 10 – Citigroup Global Markets Holdings Inc. priced $4.01 million of 0% capped gears due May 29, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 3 times the index return, subject to a maximum gain of 11.25%. If the index return is negative, investors will be fully exposed to the index’s decline.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Capped gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,008,000
|
| Maturity: | May 29, 2020
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 3 times any index gain, return capped at 11.25%; full exposure to any losses
|
| Initial level: | 2,926.17
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17326W530
|
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