Chicago, April 19 – Citigroup Global Markets Holdings Inc. priced $589,000 of 0% dual directional buffer securities due July 24, 2025 linked to the worst performing of the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus the worst performing index return subject to a maximum return of par plus 10.8%.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but ends above the 80% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The securities are non-callable.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional buffer securities
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $589,000
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| Maturity: | July 24, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains par plus worst performing index return subject to a maximum return of par plus 10.8%; par plus absolute value of worst performing index return if worst performing index declines but ends above 80% buffer level; 1% loss for every 1% that worst performing index declines beyond buffer
|
| Call: | Non-callable
|
| Initial levels: | 1,944.391 for Russell, 4,839.81 for S&P
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| Buffer level: | 1,555.513 for Russell, 3,871.848 for S&P, 80% of initial levels
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| Upside leverage: | 100%
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| Cap: | 10.8%
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| Buffer: | 20%
|
| Pricing date: | Jan. 19
|
| Settlement date: | Jan. 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.375%
|
| Cusip: | 17291TMK1
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