By Marisa Wong
Los Angeles, March 13 – Citigroup Global Markets Holdings Inc. priced $90 million of 0% geared buffer securities due March 17, 2025 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 1.5 times any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1.25% per 1% drop beyond 20%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Geared buffer securities
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| Underlying index: | S&P 500
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| Amount: | $90 million
|
| Maturity: | March 17, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any index gain; par if index declines by up to 20%; 1.25% loss for every 1% index decline beyond 20%
|
| Initial index level: | 2,480.64
|
| Buffer level: | 1,984.512, 80% of initial level
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| Pricing date: | March 12
|
| Settlement date: | March 17
|
| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | None
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| Cusip: | 17328VH78
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