By Susanna Moon
Chicago, Oct. 19 – Citigroup Global Markets Holdings Inc. priced $4.31 million of 0% buffer securities due Nov. 27, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $1,117.50 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.
The notes are guaranteed by Citigroup Inc.
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: | $4.31 million
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| Maturity: | Nov. 27, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, capped at 11.75%; par if index declines by up to 10%; 1% loss per 1% decline beyond 10%
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| Initial level: | 2,915.56
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| Strike date: | Sept. 25
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| Pricing date: | Sept. 26
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| Settlement date: | Oct. 3
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| Agents: | Citigroup Global Markets Inc.
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| Fees: | 0.1%
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| Cusip: | 17326YC79
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