By Kiku Steinfeld
Chicago, Oct. 2 – Citigroup Global Markets Holdings Inc. priced $5.35 million of 0% absolute return trigger notes due Nov. 3, 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 at its initial level by more than 19% or below its initial level by more than 25% 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: | $5,350,000
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Maturity: | Nov. 3, 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
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Initial index level: | 2,922.95
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Lower barrier: | 75% of initial level
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Upper barrier: | 119% of initial level
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Pricing date: | Aug. 22
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Settlement date: | Aug. 29
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.65%
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Cusip: | 17327TCN4
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