By Sarah Lizee
Olympia, Wash., March 25 – Citigroup Global Markets Holdings Inc. priced $17 million of 0% buffered index-linked notes due July 22, 2022 linked to the S&P 500 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 160% of any index gain, up to a maximum settlement amount of $1,396.96 per $1,000 of notes.
Investors will receive par if the index finishes flat or falls by up to 20% and lose 1.25% for each 1% index decline beyond the 20% buffer.
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 index-linked notes
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Underlying index: | S&P 500
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Amount: | $17 million
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Maturity: | July 22, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 160% of index return, subject to maximum payment of $1,396.96 per $1,000 principal amount; par if index falls by up to 20%; 1.25% loss per 1% decline beyond 20%
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Initial level: | 2,304.92
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Buffer level: | 80% of initial level
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Pricing date: | March 20
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Settlement date: | March 27
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | None
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Cusip: | 17328V4F4
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