By Kiku Steinfeld
Chicago, Sept. 10 – Citigroup Global Markets Holdings Inc. priced $5 million of 0% capped trigger gears due Sept. 7, 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.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 1.5 times the gain, up to a maximum gain of 17.2%.
If the index finishes flat or falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Capped trigger gears
|
| Underlying index: | S&P 500 index
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| Amount: | $5,000,000
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| Maturity: | Sept. 7, 2022
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.5 times any index gain, up to a maximum gain of 17.2%; par if index finishes at or above downside threshold; otherwise, investors will lose 1% for each 1% index decline
|
| Initial level: | 3,526.65
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| Downside threshold: | 2,468.66, 70% of initial level
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| Pricing date: | Sept. 1
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| Settlement date: | Sept. 4
|
| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17327Y865
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