By Kiku Steinfeld
Chicago, April 5 – Citigroup Global Markets Holdings Inc. priced $2.28 million of 0% barrier securities due March 19, 2024 linked to the worst performing of the VanEck Vectors Gold Miners ETF and the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final level of the worse performing asset is greater than or equal to its initial level, the payout at maturity will be par plus 1.3 times the return of that asset.
If the final level of the worse performing asset is less than its initial level but greater than or equal to its 70% barrier level, the payout will be par.
If the final level of the worse performing asset is less than the 70% barrier level, investors will be fully exposed to the decline of the worse performing asset.
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 assets: | VanEck Vectors Gold Miners ETF and SPDR Gold Trust
|
| Amount: | $2,275,000
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| Maturity: | March 19, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of the worse performing asset is greater than or equal to its initial level, par plus 1.3 times the return of that asset; if the final level of the worse performing asset is less than its initial level but greater than or equal to its barrier level, par; otherwise, full exposure to the decline of the worse performing asset
|
| Initial levels: | $33.08 for VanEck, $161.49 for SPDR
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| Barrier levels: | $23.156 for VanEck, $113.043 for SPDR; 70% of initial levels
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| Pricing date: | March 12
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| Settlement date: | March 19
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17328YYN8
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