By Kiku Steinfeld
Chicago, Aug. 1 – Citigroup Global Markets Holdings Inc. priced $1.17 million of 0% dual directional barrier securities due Aug. 27, 2026 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains, the payout will be par plus 100% of the ETF return subject to a maximum return of par plus 42%.
The payout will be par plus the absolute value of the ETF return if the ETF declines but ends above the 75% final barrier.
Investors will lose 1% for every 1% that the ETF declines if it finishes below the final barrier, payable in 2.50916 stocks or the cash equivalent at the option of the issuer
The securities are non-callable.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional barrier securities
|
| Underlying ETF: | SPDR S&P 500 ETF Trust
|
| Amount: | $1,165,000
|
| Maturity: | Aug. 27, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains, par plus 100% of ETF return subject to a maximum return of par plus 42%; par plus absolute value of ETF return if ETF declines but ends above final barrier; 1% loss for every 1% that ETF declines if it ends below final barrier, payable in 2.50916 stocks or the cash equivalent at the option of the issuer
|
| Upside leverage: | 100%
|
| Cap: | 42%
|
| Final barrier: | $298.905, 75% of initial level
|
| Call: | Non-callable
|
| Initial level: | $398.54
|
| Pricing date: | Feb. 22
|
| Settlement date: | Feb. 27
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17331ABF7
|
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