By Sarah Lizee
Olympia, Wash., May 28 – Citigroup Global Markets Holdings Inc. priced $1.7 million of 0% contingent absolute return market-linked notes due May 25, 2022 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 final index level is less than the 80% downside knock-out level or greater than the 125% upside knock-out level, the payout at maturity will be par plus 2%.
If the final index level is less than the upside knock-out level but greater than or equal to the initial level, the payout will be par plus the return of the index.
If the final index level is less than the initial level but greater than or equal to the downside knock-out level, the payout will be par plus the absolute value of the index return.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Contingent absolute return market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.7 million
|
| Maturity: | May 25, 2022
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the final index level is less than the downside knock-out level or greater than the upside knock-out level, par plus 2%; if the final index level is less than the upside knock-out level but greater than or equal to the initial level, par plus the return of the index; if the final index level is less than the initial level but greater than or equal to the downside knock-out level, par plus the absolute value of the index return
|
| Initial level: | 2,840.23
|
| Upside knock-out level: | 3,550.288, 125% of initial level
|
| Downside knock-out level: | 2,272.184, 80% of initial level
|
| Pricing date: | May 20
|
| Settlement date: | May 23
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17326YY67
|
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