By Marisa Wong
Los Angeles, June 1 – Citigroup Global Markets Holdings Inc. priced $6 million of 0% market-linked notes due Nov. 18, 2027 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 102% of any index gain. If the index finishes flat or falls, the payout will be par plus the index return, subject to a maximum loss of 10%.
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: | Market-linked notes
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Underlying index: | S&P 500 index
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Amount: | $6 million
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Maturity: | Nov. 18, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 102% of any index gain; exposure to losses up to 10%
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Initial level: | 2,820.00
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Strike date: | May 13
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Pricing date: | May 14
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Settlement date: | May 19
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17328VK58
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