Chicago, Dec. 30 – Citigroup Global Markets Holdings Inc. priced $254,000 of 0% dual directional buffer securities due Dec. 6, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser-performing index’s final level is greater than its initial level, the payout at maturity will be par plus 105% of that index’s return.
If the lesser-performing index’s final level is less than or equal to its initial level but greater than or equal to its final buffer level, 80% of its initial level, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the lesser-performing index’s final level is less than its final buffer level, investors will lose 1% for every 1% that the lesser-performing index declines beyond 20%.
The notes are guaranteed by Citigroup Inc.
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: | Dual directional buffer securities
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $254,000
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| Maturity: | Dec. 6, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If lesser-performing index’s final level is greater than or equal to initial level, par plus 105% of that index’s return; if lesser-performing index’s final level is less than initial level but greater than or equal to final buffer level, par plus absolute value of lesser-performing index’s return; if lesser-performing index’s final level is less than final buffer level, 1% loss for every 1% that lesser-performing index declines from initial level
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| Initial index levels: | 3,221.22 for S&P 500 and 1,671.902 for Russell 2000
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| Final buffer levels: | 2,576.976 for S&P 500 and 1,337.522 for Russell 2000, or 80% of initial index levels
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| Pricing date: | Dec. 20
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| Settlement date: | Dec. 26
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17327TNR3
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