By Taylor Fox
New York, Aug. 31 – Citigroup Global Markets Holdings Inc. priced $2.15 million of 0% buffered notes due Sept. 28, 2021 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.
If the final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus the index return subject to a maximum settlement amount of $1,073.40 per $1,000 of notes.
Investors will receive par if the final index return declines, but not more than 20%.
Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.
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: | Buffered notes
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Underlying index: | S&P 500 index
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Amount: | $2,153,000
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Maturity: | Sept. 28, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater or equal to its initial level, par plus the index return subject to a maximum settlement amount of $1,073.40 per $1,000 of notes; if the index falls but not more than 20%, par; 1.25% loss for every 1% decline beyond 20%
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Initial index level: | 3,431.28
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Buffer value: | 80% of initial level
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Pricing date: | Aug. 24
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Settlement date: | Aug. 31
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.08%
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Cusip: | 17328WAM0
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