By Sarah Lizee
Olympia, Wash., Nov. 15 – Citigroup Global Markets Holdings Inc. priced $1.26 million of 0% market-linked notes due Nov. 10, 2022 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final level of the worse performing index is greater than the initial level, the payout at maturity will be par plus the return of that index, up to a maximum payout of par plus 20%.
If the final level of the worse performing index is less than or equal to the initial level, the payout will be par plus the return of that index, subject to a minimum payout of 95% of par.
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: | Market-linked notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $1.26 million
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| Maturity: | Nov. 10, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any gain of worse performing index, up to maximum of par plus 20%; if worse performing index falls, exposure to first 5% of losses
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| Initial index levels: | 3,085.18 for S&P, 1,593.990 for Russell
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| Pricing date: | Nov. 7
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| Settlement date: | Nov. 13
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17327TPG5
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