New York, Dec. 21 – Citigroup Global Markets Holdings Inc. priced $5.33 million of 0% dual directional buffer securities due Nov. 29, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout will be par plus 200% of the index return, subject to a maximum return of par plus 35.2%.
The payout will be par plus the absolute value of the index return if the index declines but ends at or above the 85% buffer level.
Otherwise, investors will lose 1.17647% 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: | Nasdaq-100 index
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Amount: | $5,331,000
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Maturity: | Nov. 29, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 200% of index return, subject to a maximum return of par plus 35.2%; par plus absolute value of index return if index declines but ends at or above buffer level; otherwise, 1.17647% loss for every 1% that index declines beyond buffer
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Initial level: | 11,553.45
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Buffer level: | 9,820.433, 85% of initial level
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Upside leverage: | 200%
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Cap: | 35.2%
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Buffer: | 15%
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Pricing date: | Nov. 21
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Settlement date: | Nov. 30
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.5%
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Cusip: | 17330YR36
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