New York, Jan. 29 – Citigroup Global Markets Holdings Inc. priced $1.3 million of 0% buffer securities due April 25, 2025 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of par plus 22%.
Investors will receive par if the index declines by no more than 10% and will lose 1% for every 1% that the index declines beyond 10%.
The notes are guaranteed by Citigroup Inc.
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: | Buffer securities
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| Underlying index: | MSCI Emerging Markets index
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| Amount: | $1.3 million
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| Maturity: | April 25, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 150% of index return, subject to a maximum return of par plus 22%; par if index declines up to 10%; otherwise, exposure to decline in index beyond buffer
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| Initial level: | 970.91
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| Buffer: | 10%
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| Buffer level: | 873.819, 90% of initial level
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17291TS41
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