By Marisa Wong
Morgantown, W.Va., May 29 – Citigroup Global Markets Holdings Inc. priced $1.5 million of 0% contingent upside participation market-linked notes due June 11, 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.
A knock-out event will occur if the closing level of the index is greater than the knock-out level on any trading day during the life of the notes. The knock-out level is 110.45% of the initial level.
If a knock-out event occurs, the payout at maturity will be par plus the knock-out return of 2%.
If a knock-out event does not occur and the index finishes above its initial level, the payout will be par plus the index gain.
If a knock-out event does not occur and the index finishes at or below its initial level, the payout will be par.
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: | Contingent upside participation market-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.5 million
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| Maturity: | June 11, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If a knock-out event occurs, par plus 2%; if a knock-out event does not occur and the index finishes above its initial level, par plus the index gain; if a knock-out event does not occur and the index finishes at or below its initial level, par
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| Knock-out event: | If closing level of index is greater than knock-out level on any trading day during life of the notes
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| Initial index level: | 2,879.42
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| Knock-out level: | 3,180.319, 110.45% of initial level
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| Pricing date: | May 8
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| Settlement date: | May 13
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17326YGQ3
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