By Kiku Steinfeld
Chicago, Sept. 20 – Citigroup Global Markets Holdings Inc. priced $5.12 million of 0% market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside due Jan. 6, 2023 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 150% of any gain in the index up to a maximum of par plus 9%.
If the index falls but not beyond 7.5%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 7.5%.
Citigroup Global Markets Inc.is the underwriter and Wells Fargo Securities, LLC is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside
|
| Underlying index: | S&P 500
|
| Amount: | $5,124,000
|
| Maturity: | Jan. 6, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any gain index up to a maximum of par plus 9%; par if index falls by up to 7.5%; otherwise, 1% loss for every 1% decline beyond 7.5%
|
| Initial level: | 4,297.50
|
| Barrier level: | 3,975.1875, 92.5% of initial level
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Underwriter: | Citigroup Global Markets Inc. with Wells Fargo Securities, LLC as agent
|
| Fees: | 2.375%
|
| Cusip: | 17329FDK7
|
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