By Kiku Steinfeld
Chicago, Dec. 17 – Citigroup Global Markets Holdings Inc. priced $2.7 million of 0% capped airbag gears due June 9, 2022 linked to the iShares Core MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the ETF return is positive, the payout at maturity will be par of $10 plus 1.5 times the ETF return, subject to a maximum gain of 17.6%. Investors will receive par if the ETF falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Capped airbag gears
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| Underlying ETF: | iShares Core MSCI Emerging Markets ETF
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| Amount: | $2,699,000
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| Maturity: | June 9, 2022
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.5 times ETF return, subject to a maximum gain of 17.6%; par if ETF falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
|
| Initial price: | $61.11
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| Downside threshold: | $55, 90% of initial level
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| Pricing date: | Dec. 4
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| Settlement date: | Dec. 10
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| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | None
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| Cusip: | 17328L177
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