By Kiku Steinfeld
Chicago, April 4 – Citigroup Global Markets Holdings Inc. priced $324,000 of 0% dual directional buffer securities due Jan. 19, 2024 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains, the payout will be par plus 110% of the ETF return subject to a maximum return of par plus 18.2%.
The payout will be par plus half the absolute value of the ETF return if the ETF declines but ends above the 90% buffer.
Investors will lose 1% for every 1% that the ETF declines beyond the buffer.
The securities are non-callable.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional buffer securities
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $324,000
|
| Maturity: | Jan. 19, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains, par plus 110% of ETF return subject to a maximum return of par plus 18.2%; par plus half absolute value of ETF return if ETF declines but ends above 90% buffer level; 1% loss for every 1% that ETF declines beyond buffer
|
| Upside leverage: | 110%
|
| Cap: | 18.2%
|
| Buffer: | 10%
|
| Buffer level: | $61.011, 90% of initial level
|
| Call: | Non-callable
|
| Initial level: | $67.79
|
| Pricing date: | Dec. 13
|
| Settlement date: | Dec. 16
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.43%
|
| Cusip: | 17330YZ45
|
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