New York, March 4 – Citigroup Global Markets Holdings Inc. priced $10.42 million of 0% buffered notes due March 14, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus the index gain up to 15.95%. If the index falls by up to 15%, the payout will be par. Otherwise investors will receive par plus less 117.65% any decline in the index beyond its buffer.
The notes 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: | Buffered notes
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| Underlying index: | Russell 2000 index
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| Amount: | $10,421,000
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| Maturity: | March 14, 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 the gain up to 15.95%; par if index falls by up to 15%; otherwise par minus 1.1765% for every 1% that the index declines beyond the buffer
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| Initial level: | 2,028.968
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| Buffer: | 15%
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| Call: | Non-callable
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| Pricing date: | Feb. 26
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| Settlement date: | Feb. 29
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17291L2P9
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