Chicago, June 22 – Citigroup Global Markets Holdings Inc. priced $340,000 of 0% dual directional buffer securities due June 4, 2026 linked to an equally weighted basket containing the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus the worst performing index return.
At maturity, the payout will be par plus the return of the basket subject to a cap of 42% if the basket return is positive.
If the basket declines, but not more than 15%, investors will receive par plus the absolute value of the basket return.
If the basket declines more than 15%, investors will lose 1% for each 1% decline beyond the 15% buffer.
The securities are non-callable.
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: | Dual directional buffer securities
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| Underlying basket: | Russell 2000 index, S&P 500 index, equal weights
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| Amount: | $340,000
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| Maturity: | June 4, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus basket return if basket return is positive, capped at par plus 42%; par plus absolute value of basket return if basket declines but not more than 15%; otherwise, 1% loss for each 1% decline beyond 15% buffer
|
| Initial levels: | 1,749.65 for Russell, 4,179.83 for S&P
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| Buffer level: | 85% of initial level
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| Upside leverage: | 100%
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| Cap: | 42%
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| Buffer: | 15%
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| Call: | Non-callable
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| Pricing date: | May 31
|
| Settlement date: | June 5
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.2%
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| Cusip: | 17331HPT7
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