New York, Oct. 13 – Citigroup Global Markets Holdings Inc. priced $2.43 million of 0% dual directional barrier securities due Oct. 25, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout will be par plus the index return, subject to a maximum return of par plus 7%.
The payout will be par plus the absolute value of the index return if the index declines but ends at or above the 65.85% final barrier.
Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA acting as placement agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional barrier securities
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| Underlying index: | S&P 500 index
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| Amount: | $2,434,000
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| Maturity: | Oct. 25, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus the index return capped at 7%; par plus absolute value of index return if index declines but ends at or above final barrier; otherwise, 1% loss for every 1% that index declines from initial level
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| Initial level: | 3,639.66
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| Final barrier: | 2,396.716, 65.85% of initial level
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| Cap: | 7%
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| Pricing date: | Oct. 7
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| Settlement date: | Oct. 13
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| Agent: | Citigroup Global Markets Inc.
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| Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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| Fees: | 1%
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| Cusip: | 17330RXB6
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