By Sarah Lizee
Olympia, Wash., May 31 – Citigroup Global Markets Holdings Inc. priced $610,000 of 0% contingent buffered notes due Nov. 25, 2020 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.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return.
If the final index level is less than or equal to the initial index level but greater than or equal to the barrier level, 82.4% of the initial level, the payout will be par.
If the final index level is less than the barrier level, investors will be fully exposed to the index’s decline from its initial level.
Citigroup Global Markets Inc. is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are acting as placement agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Contingent buffered notes
|
| Underlying index: | S&P 500
|
| Amount: | $610,000
|
| Maturity: | Nov. 25, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus index return; if final index level is less than or equal to initial index level but greater than or equal to barrier level, par; if final index level is less than barrier level, full exposure to index’s decline from initial level
|
| Initial level: | 2,826.06
|
| Barrier level: | 2,328.673, 82.4% of initial level
|
| Final index level: | Average of index’s closing levels on five trading days ending Nov. 20, 2020
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| Pricing date: | May 24
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| Settlement date: | May 30
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| Underwriter: | Citigroup Global Markets Inc.
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1.25%
|
| Cusip: | 17326YGR1
|
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