By Wendy Van Sickle
Columbus, Ohio, Sept. 17 – Citigroup Global Markets Holdings Inc. priced $166,000 of 0% buffer autocallable securities due Sept. 15, 2022 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.
The notes will be called at par plus a 6.5% premium if the index closes at or above its initial level on Sept. 15, 2021.
If the notes are not called and the index has not declined, the payout at maturity will be par plus 1.25 times the index return. If the index falls by up to 10%, the payout will be par. Otherwise, investors will be exposed to any losses of the index beyond 10%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered autocallable securities
|
| Underlying index: | S&P 500
|
| Amount: | $166,000
|
| Maturity: | Sept. 15, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Par plus 6.5% if index closes at or above initial level on Sept. 15, 2021
|
| Payout at maturity: | If index has not declined from initial level, par plus 1.25 times index return; par if index declines by up to 10%; exposure to any losses beyond 10%
|
| Initial level: | 3,340.97
|
| Buffer level: | 3,006.873, 90% of initial level
|
| Pricing date: | Sept. 11
|
| Settlement date: | Sept. 16
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.5%
|
| Cusip: | 17328WG36
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
