By Wendy Van Sickle
Columbus, Ohio, Feb. 5 – Citigroup Global Markets Holdings Inc. priced $4.18 million of 0% contingent bearish market-linked notes due Feb. 4, 2021 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.
A knock-out event occurs if the index closes below the 75% downside knock-out level on any day during the life of the notes.
The payout at maturity will be par plus 3.5% plus the note return amount. The note return amount is zero unless a knock-out event does not occur and the index finishes below its initial level, in which case the note return amount is equal to the absolute value of the index return.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying index: | S&P 500 index
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| Amount: | $4,184,000
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| Maturity: | Feb. 4, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 3.5% plus note return amount, which is zero unless a knock-out event does not occur and index finishes below initial level, in which case note return amount is equal to absolute value of index return
|
| Knock-out event: | Occurs if index closes below 75% downside knock-out level on any day during life of notes
|
| Initial index level: | 2,704.1
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| Downside knock-out level: | 2,028.075, 75% of initial index level
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| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
|
| Cusip: | 17326YML7
|
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