By William Gullotti
Buffalo, N.Y., Aug. 3 – Citigroup Global Markets Holdings Inc. priced $1.53 million of 0% contingent barrier notes due June 22, 2022 linked to the performance of the S&P GSCI Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain up to a maximum payout of par plus 17%. If the index declines but not below the 90% barrier level, the payout will be par. Otherwise, investors will be fully exposed to the decline from the index’s initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Contingent barrier notes
|
| Underlying index: | S&P GSCI Excess Return index
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| Amount: | $1,525,000
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| Maturity: | June 22, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any index gain up to par plus 17%; par if index falls but not below barrier level; otherwise, full exposure to decline from initial level
|
| Initial share price: | 234.0041
|
| Barrier level: | 210.6037; 90% of initial level
|
| Pricing date: | June 4
|
| Settlement date: | June 9
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17329FWF7
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