By William Gullotti
Buffalo, N.Y., June 29 – Citigroup Global Markets Holdings Inc. priced $5 million of 0% capped return enhanced notes due June 28, 2023 linked to the Financial Select Sector SPDR Fund, 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 plus 200% the ETF gain, subject to a maximum return of 31.16%. If the ETF return is negative, investors will have one-to-one exposure to the decline.
Citigroup Global Markets Inc. is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A. as placement agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Capped return enhanced notes
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| Underlying ETF: | Financial Select Sector SPDR Fund
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| Amount: | $5 million
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| Maturity: | June 28, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF return is positive, par plus twice the gain, return capped at 31.16%; if ETF return is negative, one-to-one exposure to decline
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| Initial level: | $36.04
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| Pricing date: | June 23
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| Settlement date: | June 28
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| Agent: | Citigroup Global Markets Inc.
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| Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A.
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| Fees: | 1.5%
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| Cusip: | 17329FYN8
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