By Wendy Van Sickle
Columbus, Ohio, July 10 – Citigroup Global Markets Holdings Inc. priced $48.34 million of 0% absolute return trigger notes due Aug. 4, 2021 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 barrier event occurs if the closing level of the index is above or its initial level by more than 16% or below its initial level by more than 30% on any day during the life of the notes.
If a barrier event has occurred, the payout at maturity will be par.
If a barrier event has not occurred, the payout will be par plus the absolute value of the index return.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Absolute return trigger notes
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| Underlying index: | S&P 500
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| Amount: | $48.34 million
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| Maturity: | Aug. 4, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index closes within upper barrier and lower barrier during life of notes, par plus absolute value of index return, subject to floor of par; otherwise, par
|
| Initial index level: | 2,973.01
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| Lower barrier: | 70% of initial level
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| Upper barrier: | 116% of initial level
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| Pricing date: | July 2
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| Settlement date: | July 10
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.47%
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| Cusip: | 17327TNM4
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