By William Gullotti
Buffalo, N.Y., Feb. 16 – Citigroup Global Markets Holdings Inc. priced $2.78 million of 0% barrier absolute return market-linked notes (with daily barrier observation and conditional return for barrier event) due Aug. 15, 2024 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
A barrier event will occur if the ETF closes above the upper barrier, 126.3% of the initial level, or below the lower barrier, 73.7% of the initial level, during the life of the notes.
If a barrier event occurs, the payout at maturity will be par plus 2%.
If no barrier event occurs, the payout will be par plus the absolute value of the ETF return.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier absolute return market-linked notes (with daily barrier observation and conditional return for barrier event)
|
| Underlying fund: | SPDR Gold Trust
|
| Amount: | $2,775,000
|
| Maturity: | Aug. 15, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF closes above the upper barrier or below the lower barrier on any trading day during the life of the notes (a barrier event), par plus 2%; if a barrier event does not occur during the life of the notes, par plus the absolute value of the ETF return
|
| Initial level: | $173.36
|
| Upper barrier: | $218.954; 126.3% of initial level
|
| Lower barrier: | $127.766; 73.7% of initial level
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 15
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17331C7D3
|
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