By Wendy Van Sickle
Columbus, Ohio, Oct. 25 – Citigroup Global Markets Holdings Inc. priced $4 million of 0% capped buffer in-gears due Oct. 21, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
At maturity, if the final index return is greater than or equal to 24% of its initial level, investors will receive par plus 68.2%.
If the final return is positive, and gains between 8% and 24% of its initial level, investors will receive par plus 52% — and then the return of the index minus 8% times an upside gearing of 1.0125. The return in this instance would be positive.
If the final return is negative 8% up to a positive gain of 8% of the initial level, investors will receive par – plus the 3.25 times the underlying return minus 8%.
Investors will lose 1% for each 1% decline beyond 8%.
If the final index level is below 68% of its initial level, investors will be full exposed to the losses of the index.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Capped buffer in-gears
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| Underlying index: | Russell 2000
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| Amount: | $4 million
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| Maturity: | Oct. 21, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Above 24%, par plus 68.2% digital return; above 8% to 24%, par plus 52% digital return, and then return of index minus 8% times 1.0125; between negative 8% and 8%, par plus 3.25 times return minus 8%; exposure to losses beyond 8%
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| Initial level: | Average of index closing levels over three-month period from Oct. 18 to and including Nov. 23
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| Final level: | Average of index closing levels over the three-month period from Feb. 18, 2027 to and including May 19, 2027
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| Pricing date: | Oct. 25
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| Settlement date: | Oct. 31
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| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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| Fees: | 0.25%
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| Cusip: | 17330U603
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