New York, March 11 – Citigroup Global Markets Holdings Inc. priced $8.81 million of 0% dual directional buffer securities due March 3, 2028 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 134.2% of the index return.
The payout will be par plus the absolute value of the index return if the index declines but ends at or above the 70% buffer.
Otherwise, investors will lose 1% for every 1% that the index declines beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional buffer securities
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| Underlying index: | S&P 500 Futures Excess Return index
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| Amount: | $8,809,000
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| Maturity: | March 3, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 134.2% of index return; par plus absolute value of index return if index declines but ends at or above 70% buffer level; otherwise, 1% loss for every 1% that index declines beyond buffer
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| Initial level: | 791.12
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| Upside leverage: | 134.2%
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| Buffer: | 30%
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| Buffer level: | 553.784, 70% of initial level
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| Pricing date: | Feb. 29
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| Settlement date: | March 5
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0%
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| Cusip: | 17291LG33
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