By Sarah Lizee
Olympia, Wash., May 26 – Citigroup Global Markets Holdings Inc. priced $260,000 of 0% barrier securities due May 26, 2022 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the ETF finishes at or above the initial level, the payout at maturity will be par plus 2 times the return of the ETF, capped at par plus 37%.
If the ETF falls but finishes at or above the 90% barrier level, the payout at maturity will be par.
Otherwise, investors will have full exposure to any decline in the fund.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying ETF: | SPDR Gold Trust
|
| Amount: | $260,000
|
| Maturity: | May 26, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the ETF finishes at or above the initial level, par plus 2 times return of ETF, capped at par plus 37%; if ETF falls by up to 10%, par; full exposure to loss if ETF falls by more than 10%
|
| Initial ETF level: | $162.25
|
| Barrier level: | $146.025, 90% of initial level
|
| Pricing date: | May 21
|
| Settlement date: | May 27
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17328VWB2
|
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