By Taylor Fox
New York, Nov. 20 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% buffer securities due Nov. 6, 2025 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.
Investors will receive par plus 1.1 times the return of the index if the index finishes above its initial value, up to par plus 63.4%.
Investors will receive par if the index declines but is greater than its 85% buffer value.
If the index falls by more than 15%, investors will lose 1% per 1% index decline beyond 15%.
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: | $500,000
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| Maturity: | Nov. 6, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.1 times the return of the index if it finishes above its initial level, up to par plus 63.4%; par if index declines but not more than 15%; otherwise, exposure to losses of index beyond 15% buffer level
|
| Initial level: | 3,369.16
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| Buffer value: | 2,863.786, 85% of initial level
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| Pricing date: | Nov. 3
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| Settlement date: | Nov. 6
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.125%
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| Cusip: | 17328WS33
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