New York, April 23 – Citigroup Global Markets Holdings Inc. priced $2.08 million of 0% dual directional barrier securities due April 30, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 100% of 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 above the 81% final barrier.
Investors will lose 1% for every 1% that the index declines if it finishes below the final barrier.
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.
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Guarantor: | Citigroup Inc.
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Issue: | Dual directional barrier securities
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Underlying index: | S&P 500 index
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Amount: | $2,076,000
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Maturity: | April 30, 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 100% of index return subject to a maximum return of par plus 10%; par plus absolute value of index return if index declines but ends above final barrier; 1% loss for every 1% that index declines if it ends below final barrier
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Upside leverage: | 100%
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Cap: | 10%
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Final barrier: | 4,149.962, 81% of initial level
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Call: | Non-callable
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Initial level: | 5,123.41
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Pricing date: | April 15
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Settlement date: | April 18
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17331AY21
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