By Sarah Lizee
Olympia, Wash., Sept. 30 – Citigroup Global Markets Holdings Inc. priced $6.82 million of 0% dual directional buffer securities due Sept. 30, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index closes at or above its initial level, the payout at maturity will be par plus 106.2% of the index return, up to a 50% maximum upside return.
If the index falls by up to 20%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for each 1% decline of the index beyond the buffer.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional buffer securities
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $6.82 million
|
| Maturity: | Sept. 30, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index closes at or above its initial level, par plus 106.2% of the index return, up to a 50% maximum upside return; if the index falls by up to 20%, par plus the absolute value of the index return; otherwise, investors will lose 1% for each 1% decline of the index beyond the buffer
|
| Initial level: | 26,970.71
|
| Buffer value: | 21,576.568, 80% of initial level
|
| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.75%
|
| Cusip: | 17327TPZ3
|
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