By Wendy Van Sickle
Columbus, Ohio, Aug. 13 – Citigroup Global Markets Holdings Inc. priced $570,000 of 0% buffer securities due Aug. 6, 2021 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 200% of any ETF gain, up to a maximum payout of par plus 11.65%.
Investors will receive par if the ETF falls by up to 10% and will lose 1% per 1% drop beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying ETF: | iShares MSCI Emerging Markets
|
| Amount: | $570,000
|
| Maturity: | Aug. 6, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any ETF gain, capped at par plus 11.65%; par if the ETF falls by up to 10%; 1% loss per 1% drop beyond 10%
|
| Initial price: | $43.29
|
| Buffer price: | $38.961, 90% of initial price
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17328WCQ9
|
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