By Wendy Van Sickle
Columbus, Ohio, Nov. 20 – Citigroup Global Markets Holdings Inc. priced $1.1 million of 0% barrier securities due Nov. 20, 2023 linked to the Dow Jones industrial average, 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 or equal to the initial level, the payout at maturity will be par plus 123.6% of the index return.
If the final index level is less than the initial level but greater than or equal to the 65% barrier level, the payout will be par.
If the final index level is less than the barrier level, investors will lose 1% for each 1% decline of the index from its initial level.
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: | Barrier securities
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Underlying index: | Dow Jones industrial average
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Amount: | $1.1 million
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Maturity: | Nov. 20, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater than or equal to the initial level, par plus 123.6% of the index return; if the final index level is less than the initial level but greater than or equal to barrier level, par; if the final index level is less than the barrier level, 1% loss for each 1% decline of the index from its initial level
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Initial level: | 25,289.27
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Barrier level: | 16,438.026, 65% of initial level
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Pricing date: | Nov. 15
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Settlement date: | Nov. 20
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3.5%
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Cusip: | 17326YAC0
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