By William Gullotti
Buffalo, N.Y., June 1 – Citigroup Global Markets Holdings Inc. priced $1.2 million of 0% buffer securities due May 28, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the index gain.
If the index falls by up to 25%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond 25%.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Buffer securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $1,201,000
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Maturity: | May 28, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain; par if index falls by up to 25%; otherwise, 1% loss for every 1% index decline beyond 25%
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Initial level: | 3,677.1
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Buffer level: | 2,757.825; 75% of initial level
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Pricing date: | May 25
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Settlement date: | May 31
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17330FEX5
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