By Wendy Van Sickle
Columbus, Ohio, Sept. 9 – Citigroup Global Markets Holdings Inc. priced $2.05 million of 0% barrier securities due Sept. 10, 2018 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 final index level is greater than or equal to the initial level, the payout at maturity will be par plus 150% of the index return.
If the final index level is less than the initial level but greater than or equal to the 70% barrier level, the payout will be par.
If the final level is less than the barrier level, investors will be fully exposed to the index decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying index: | S&P 500
|
| Amount: | $2,045,000
|
| Maturity: | Sept. 10, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain; par if index falls by up to 30%; otherwise, full exposure to index decline
|
| Initial level: | 2,186.16
|
| Barrier level: | 1,530.312, 70% of initial level
|
| Pricing date: | Sept. 7
|
| Settlement date: | Sept. 12
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.5%
|
| Cusip: | 17324CAG1
|
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