By Marisa Wong
Los Angeles, Oct. 5 – Citigroup Global Markets Holdings Inc. priced $782,000 of 0% barrier securities due Sept. 30, 2024 linked to the worst performing of the iShares Russell 2000 exchange-traded fund and the SPDR S&P 500 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If each ETF finishes above its initial value, the payout at maturity will be par plus 1.2 times the gain in the worst performing ETF.
If the worst performer finishes flat or declines by up to 40%, the payout will be par.
If the worst performer falls by more than 40%, investors will be fully exposed to the decline of that ETF.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Barrier securities
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| Underlying ETFs: | iShares Russell 2000 ETF and SPDR S&P 500 ETF trust
|
| Amount: | $782,000
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| Maturity: | Sept. 30, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.2 times any gain in the worst performing ETF; par if worst performer finishes flat or declines by up to 40%; if the worst performer falls by more than 40%, full exposure to the decline of that ETF
|
| Initial values: | $146.41 for iShares Russell, $328.73 for SPDR S&P
|
| Barrier values: | $87.846 for iShares Russell, $197.238 for SPDR S&P; 60% of initial values
|
| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.85%
|
| Cusip: | 17328WVY1
|
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