By Kiku Steinfeld
Chicago, Nov. 1 – Citigroup Global Markets Holdings Inc. priced $2.14 million of 0% buffer securities due Oct. 2, 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 200% of any index gain, subject to a maximum payout of par plus 13.6%.
Investors will receive par if the index falls by up to the buffer amount of 15% and will lose 1% for every 1% that the index declines beyond the buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
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| Underlying index: | S&P 500
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| Amount: | $2.14 million
|
| Maturity: | Oct. 2, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, subject to maximum payout of par plus 13.6%; par if the index falls by up to 15%; 1% loss for every 1% decline beyond the 15% buffer
|
| Initial level: | 4,443.11,
|
| Buffer level: | 3,776.6435, 85% of initial level
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0%
|
| Cusip: | 17329QPW4
|
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