New York, April 4 – Citigroup Global Markets Holdings Inc. priced $16.6 million of 0% dual directional trigger participation securities due May 1, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus the return of the index subject to a maximum return of par plus 12.2%. Investors will receive par plus 100% of the absolute value of the index return if the index declines but ends at or above its 90% trigger and will lose 1% for every 1% that the index declines if it finishes below its trigger.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley will act as distributor.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional trigger participation securities
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| Underlying index: | S&P 500 index
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| Amount: | $16.6 million
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| Maturity: | May 1, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains par plus index return subject to a maximum return of par plus 12.2%; par plus 100% of absolute value of index return if index declines but ends at or above the 90% trigger; 1% loss for every 1% that index declines if it finishes below its trigger
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| Initial levels: | 5,254.35
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| Trigger level: | 4,728.915, 90% of initial level
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| Cap: | 12.2%
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| Pricing date: | March 28
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| Settlement date: | April 3
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| Agent: | Citigroup Global Markets Inc.
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| Distributor: | Morgan Stanley
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| Fees: | 2.25%
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| Cusip: | 17331AC58
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