By Wendy Van Sickle
Columbus, Ohio, Jan. 29 – Citigroup Global Markets Holdings Inc. priced $4.35 million of 0% trigger gears due Jan. 28, 2022 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.
If the index return is greater than zero, the payout at maturity will be par of $10 plus two times the index return, subject to a maximum gain of 31.3%. Investors will receive par if the index declines by 20% or less and lose 1% for every 1% that the index may decline beyond 20%.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Capped buffer gears
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| Underlying index: | S&P 500 index
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| Amount: | $4.35 million
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| Maturity: | Jan. 28, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus two times the index return, subject to a maximum gain of 31.3%; par if the index declines by 20% or less; 1% loss for every 1% that the index may decline beyond 20%
|
| Initial level: | 2,664.76
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| Downside threshold: | 2,131.81, 80% of initial level
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 30
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17326W720
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