Chicago, Feb. 28 – Citigroup Global Markets Holdings Inc. priced $2.13 million of 0% barrier securities due May 2, 2024 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus two times the ETF return up to 30%.
If the final share price is less than the initial share price but greater than or equal to the 80% barrier price, the payout will be par.
If the final share price is less than the barrier price, investors will lose 1% for each 1% decline from the initial level, payable in shares or cash at the issuer’s option.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $2,130,000
|
| Maturity: | May 2, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to initial share price, par plus two times the ETF return up to 30%; if final share price is less than initial share price but greater than or equal to barrier price, par; if final share price is less than barrier price, 1% loss for each 1% decline from initial level, payable in cash or shares at the issuer’s option
|
| Initial share price: | $54.67
|
| Barrier price: | $43.736; 80% of initial share price
|
| Pricing date: | April 27, 2021
|
| Settlement date: | April 30, 2021
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17328NPH5
|
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