By William Gullotti
Buffalo, N.Y., Oct. 28 – Citigroup Global Markets Holdings Inc. priced $1.27 million of 0% index-linked notes due June 24, 2024 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 300% of any index gain, subject to a maximum payout of par plus 34.92%.
Investors will be fully exposed to any index decline.
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: | Index-linked notes
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Underlying index: | S&P 500
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Amount: | $1,274,000
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Maturity: | June 24, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of index return capped at 34.92%; full exposure to decline
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Initial index level: | 3,899.89
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Pricing date: | Sept. 19
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Settlement date: | Sept. 26
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | None
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Cusip: | 17330RRH0
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