By Wendy Van Sickle
Columbus, Ohio, Jan. 12 – Citigroup Global Markets Holdings Inc. priced $2.27 million of 0% buffer securities due Dec. 30, 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 payout at maturity will be par plus 2 times any index gain, up to a maximum payout of par plus 13.9%.
Investors will receive par if the index falls by up to 15% and will lose 1% per 1% drop beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Buffer securities
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Underlying index: | S&P 500 index
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Amount: | $2,265,000
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Maturity: | Dec. 30, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain up to a maximum of par plus 13.9%; par if the index falls by up to 15%; 1% loss per 1% drop beyond 15%
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Initial level: | 3,735.36
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Buffer level: | 3,175.056, 85% of initial level
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Pricing date: | Dec. 28
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Settlement date: | Dec. 31
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | None
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Cusip: | 17328YCE2
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