By Wendy Van Sickle
Columbus, Ohio, March 19 – Citigroup Global Markets Holdings Inc. priced $2.5 million of 0% upturn securities due March 12, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 185% of the gain.
Investors will be exposed to any losses.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Upturn securities
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Underlying index: | S&P 500
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Amount: | $2.5 million
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Maturity: | March 12, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 185% of any index gain; 1% loss per 1% decline
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Initial level: | 2,972.37
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Pricing date: | March 6
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Settlement date: | March 9
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17327VEW6
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