By Wendy Van Sickle
Columbus, Ohio, Oct. 19 – Citigroup Global Markets Holdings Inc. priced $3.7 million of 0% buffer securities due Nov. 18, 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 index finishes above the initial level, the payout at maturity will be par plus 1.5 times the index return, capped at 13.8%.
Investors will receive par if the index falls by up to 10%.
If the index falls by more than 10%, investors will lose 1% per 1% index decline beyond 10%.
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: | Buffer securities
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| Underlying index: | S&P 500
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| Amount: | $3.7 million
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| Maturity: | Nov. 18 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes above the initial level, par plus 1.5 times index return, capped at 13.8%; if the index finishes at or below the initial level but at or above the buffer value, par; otherwise, 1% loss per 1% index decline beyond 10%
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| Initial level: | 3,419.45
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| Buffer value: | 3,077.505, 90% of initial level
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| Strike date: | Oct. 7
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| Pricing date: | Oct. 8
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| Settlement date: | Oct. 13
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.1%
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| Cusip: | 17328WXX1
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