By Wendy Van Sickle
Columbus, Ohio, Nov. 13 – Citigroup Global Markets Holdings Inc. priced $2 million of 0% buffer securities due July 21, 2022 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final level of the lesser-performing index is greater than or equal to its initial level, the payout at maturity will be par plus 143.25% of the return of the lesser-performing index, subject to a maximum payout of par plus 57.3%.
If the final level of the lesser-performing index is less than its initial level by up to 12%, the payout will be par.
If the final level of the lesser-performing index is less than its initial level by more than 12%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 12%.
Citigroup Global Markets Inc. is the underwriter.
| 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 indexes: | S&P 500 and Russell 2000
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| Amount: | $2 million
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| Maturity: | July 21, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of lesser-performing index is greater than or equal to its initial level, par plus 143.25% of return of lesser-performing index, capped at 45%; if lesser-performing index falls by up to 20%, par; otherwise, 1% loss for every 1% that lesser-performing index declines beyond 20%
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| Initial levels: | 2,587.84 for S&P, 1,494.91 for Russell
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| Pricing date: | Nov. 3
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| Settlement date: | Nov. 8
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.95%
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| Cusip: | 17324CNZ5
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