By Devika Patel
Knoxville, Tenn., May 26 – Citigroup Global Markets Holdings Inc. priced $4.11 million of 0% barrier securities due May 27, 2020 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the fund finishes at or above its initial level, the payout at maturity will be par plus 200% of any gain, subject to a maximum payment of $1,500 per $1,000 of notes.
If the fund falls but finishes at or above its 80% barrier level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the fund from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying fund: | Energy Select Sector SPDR
|
| Amount: | $4,106,000
|
| Maturity: | May 27, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund finishes at or above its initial level, par plus 200% of the fund gain, return capped at 50%; if fund declines but finishes above 80% barrier level, par; otherwise, 1% loss for each 1% decline of fund from initial level
|
| Initial level: | $68.08
|
| Barrier level: | $54.464, 80% of initial level
|
| Pricing date: | May 19
|
| Settlement date: | May 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17324XBY5
|
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