By Kiku Steinfeld
Chicago, Aug. 13 – Citigroup Global Markets Holdings Inc. priced $2.78 million of 0% geared buffered securities due Feb. 7, 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 greater than the initial index level, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 23.5%.
If the final index level is less than or equal to the initial index level but greater than or equal to the final buffer value, 80% of the initial index level, the payout will be par.
If the final index level is less than the final buffer value, investors will lose 1.25% for every 1% that the index declines beyond 20%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Geared buffer securities
|
| Underlying index: | S&P 500
|
| Amount: | $2,775,000
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| Maturity: | Feb. 7, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 150% of index return, subject to 23.5% maximum return; par if index declines by 20% or less; 1.25% loss for every 1% that index declines beyond 20%
|
| Initial level: | 2,932.05
|
| Final buffer value: | 2,345.650, or 80% of initial index level
|
| Pricing date: | Aug. 2
|
| Settlement date: | Aug. 7
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0%
|
| Cusip: | 17327TZP4
|
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