By William Gullotti
Buffalo, N.Y., June 8 – Citigroup Global Markets Holdings Inc. priced $3.14 million of 0% market-linked notes – leveraged upside participation with quarterly averaging and minimum return at maturity due Dec. 4, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The average index level will be the average of the index levels on each quarterly valuation date during the life of the notes.
If the average index level is greater than the initial index level, the payout at maturity will be the greater of par plus the 120% of the increase in the average index level and par plus the 2% minimum return.
Otherwise, investors will receive par plus 2%.
The notes are guaranteed by Citigroup Inc.
Wells Fargo Securities and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked notes – leveraged upside participation with quarterly averaging and minimum return at maturity
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,143,000
|
| Maturity: | Dec. 4, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If average index level is greater than initial index level, the greater of par plus 2% and par plus 120% of the percentage gain of the average above the initial level; otherwise, par plus 2%
|
| Initial index level: | 4,132.15
|
| Average index level: | Average of the index levels on each quarterly valuation date during the life of the notes
|
| Pricing date: | May 31
|
| Settlement date: | June 3
|
| Agents: | Wells Fargo Securities and Citigroup Global Markets Inc.
|
| Fees: | 4.53%
|
| Cusip: | 17330FZQ7
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