By Sarah Lizee
Olympia, Wash., Aug. 29 – Citigroup Global Markets Holdings Inc. priced $2.8 million of 0% buffer securities due Oct. 30, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 150% of any index gain, subject to a maximum return of par plus 12.25%.
Investors will receive par if the index falls by up to the buffer amount of 10% and will lose 1% for every 1% that the index declines beyond the buffer.
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 index: | Russell 2000
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Amount: | $2.8 million
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Maturity: | Oct. 30, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, return capped at par plus 12.25%; par if the index falls by up to 10%; 1% loss for every 1% decline beyond 10% buffer
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Initial level: | 1,725.671
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Pricing date: | Aug. 27
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Settlement date: | Sept. 4
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.1%
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Cusip: | 17326YSZ0
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