Chicago, Sept. 1 – Citigroup Global Markets Holdings Inc. priced $9.64 million of 0% buffered notes due Aug. 29, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, investors will receive par plus 1.5 times the index return, capped at par plus 25%.
Investors will receive par if the index declines but finishes above its 80% buffer level.
Otherwise, investors will lose 1.25% for each 1% decline of the index beyond the 20% buffer.
The notes are non-callable.
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: | Buffered notes
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Underlying index: | S&P 500 index
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Amount: | $9,639,000
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Maturity: | Aug. 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 1.5 times index return, capped at par plus 25%; par if index declines but not more than buffer level; otherwise, 1.25% loss for each 1% decline beyond 20% buffer
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Initial level: | 4,057.66
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Buffer: | 20%
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Call: | Non-callable
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.5%
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Cusip: | 17330PX53
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