New York, April 23 – Citigroup Global Markets Holdings Inc. priced $2 million of 0% dual directional buffer securities due June 26, 2025 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus the index return, subject to a maximum return of par plus 10%.
The payout will be par plus the absolute value of the index return if the index declines but ends at or above the 74.45% buffer level.
Otherwise, investors will lose 1.343183% for every 1% that the index declines 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: | Dual directional buffer securities
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Underlying index: | Nasdaq-100 index
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Amount: | $2 million
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Maturity: | June 26, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus index return, subject to a maximum return of par plus 10%; par plus absolute value of index return if index declines but ends at or above buffer level; otherwise, 1.343183% loss for every 1% that index declines beyond buffer
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Initial level: | 17,713.66
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Buffer level: | 13,187.819, 74.45% of initial level
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Buffer: | 25.55%
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Strike date: | April 16
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Pricing date: | April 17
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Settlement date: | April 22
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.33%
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Cusip: | 17331UAF4
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