Chicago, Sept. 13 – Citigroup Global Markets Holdings Inc. priced $1.17 million of variable coupon market-linked notes due Aug. 29, 2025 tied to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a variable annual coupon of 4% if the index closes at or above its initial level on the corresponding date. If the index closes below its initial level on the observation date, investors will instead receive a 1% coupon.
The payout at maturity will be par plus the relevant coupon.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Variable coupon market-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,167,000
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| Maturity: | Aug. 29, 2025
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| Coupon: | 4% payable annually if the index closes at or above initial level on relevant review date; if the index closes below its initial level on the review date, the coupon will be 1%
|
| Price: | Par
|
| Payout at maturity: | Par plus the relevant coupon
|
| Initial level: | 4,057.66
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.75%
|
| Cusip: | 17330PZ77
|
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