By William Gullotti
Buffalo, N.Y., April 12 – Citigroup Global Markets Holdings Inc. priced $1.12 million of 0% upturn securities due May 11, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of par plus 15.2%.
Investors will be fully exposed to any losses of the index.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Upturn securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,116,000
|
| Maturity: | May 11, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, subject to 15.2% cap; full exposure to any losses
|
| Initial index level: | 4,500.21
|
| Pricing date: | April 7
|
| Settlement date: | April 12
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.93%
|
| Cusip: | 17330FFZ9
|
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