Chicago, Dec. 7 – Citigroup Global Markets Holdings Inc. priced $1.03 million of 0% dual directional buffer securities due April 3, 2025 linked to an equally weighted basket of indexes consisting of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain of the basket, subject to a maximum return of 30%.
If the basket falls by up to 15%, the payout will be par plus the absolute value of the basket return.
Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional buffer securities
|
| Underlying basket: | S&P 500 and Russell 2000; equal weights
|
| Amount: | $1,034,000
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| Maturity: | April 3, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain of the basket, subject to a maximum return of 30%; if basket falls by up to 15%, par plus absolute value of basket return; otherwise, 1% loss for every 1% decline beyond buffer
|
| Initial basket level: | 4,530.41 for S&P and 2,070.125 for Russell
|
| Buffer level: | 85% of initial level
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.2%
|
| Cusip: | 17330ASA1
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