Chicago, Sept. 13 – Citigroup Global Markets Holdings Inc. priced $1.01 million of 0% dual directional buffer securities due March 3, 2025 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 200% of the index return subject to a maximum return of par plus 27%.
The payout will be par plus the absolute value of the index return if the index declines but ends above the 90% buffer.
Investors will lose 1% for every 1% that the index declines beyond the 10% buffer.
The securities 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: | Dual directional buffer securities
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Underlying index: | S&P 500 index
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Amount: | $1,008,000
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Maturity: | March 3, 2025
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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 27%; par plus absolute value of index return if index declines but ends above 90% buffer level; 1% loss for every 1% that index declines beyond buffer
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Upside leverage: | 200%
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Cap: | 27%
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Buffer: | 10%
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Call: | Non-callable
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Initial level: | 4,057.66
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Buffer level: | 3,651.894, 90% of initial level
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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: | 2.75%
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Cusip: | 17330R4K8
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