By Wendy Van Sickle
Columbus, Ohio, Nov. 1 – Citigroup Global Markets Holdings Inc. priced $26.26 million of 0% buffer securities due Nov. 1, 2024 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.
The payout at maturity will be par plus 300% of any index gain, up to a maximum payout of par plus 60%.
Investors will receive par if the index falls by up to 5% and will lose 1% per 1% drop beyond 5%.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Buffer securities
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Underlying index: | S&P 500
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Amount: | $26.26 million
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Maturity: | Nov. 1, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, up to a maximum payout of par plus 60%; par if the index falls by up to 5%; 1% loss per 1% drop beyond 5%
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Initial index level: | 3,036.89
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Buffer level: | 2,885.046, 95% of initial level
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Pricing date: | Oct. 29
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Settlement date: | Nov. 1
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.35%
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Cusip: | 17327TFF8
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