By Wendy Van Sickle
Columbus, Ohio, April 3 – Citigroup Global Markets Holdings Inc. priced $1.8 million of 0% contingent absolute return market-linked notes due March 29, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final index level is greater than the initial level or less than the downside knock-out level, 75% of the initial level, the payout at maturity will be par.
If the final level of the index is negative but greater than or equal to the downside knock-out level, the payout will be par plus the absolute value of its return.
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: | Contingent absolute return market-linked notes
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| Underlying index: | S&P 500
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| Amount: | $1.8 million
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| Maturity: | March 29, 2023
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If the final index level is less than the downside knock-out level or greater than the initial level, par; otherwise, par plus the absolute value of the index return
|
| Initial level: | 2,541.47
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| Downside knock-out level: | 1,906.103, 75% of initial level
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| Pricing date: | March 27
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| Settlement date: | March 31
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17328VEE6
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