By Wendy Van Sickle
Columbus, Ohio, Sept. 24 – Citigroup Global Markets Holdings Inc. priced $700,000 of 0% bearish buffered securities due March 24, 2021 inversely linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is less than the initial index level, the payout at maturity will be par plus 1% for every 1% that the index declines, subject to a maximum return of 17%.
If the final index level is equal to the initial index level or greater than the initial index level by up to 7.5%, the payout will be par.
If the final index level is greater than the initial index level by more than 7.5%, investors will lose 1% for every 1% that the index advances beyond 7.5%.
The notes are guaranteed by Citigroup Inc.
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: | Bearish buffered securities
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| Underlying index: | S&P 500
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| Amount: | $700,000
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| Maturity: | March 24, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1% for every 1% that index declines, up to 17% maximum return; par if index advances by 7.5% or less; 1% loss for every 1% that index advances beyond 7.5%
|
| Initial level: | 3,006.73
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| Buffer value: | 3,232.235, 107.5% of initial level
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| Pricing date: | Sept. 19
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| Settlement date: | Sept. 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.25%
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| Cusip: | 17327TUQ7
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