By Susanna Moon
Chicago, May 5 – Citigroup Inc. priced $2.98 million of 0% barrier securities due May 3, 2019 linked to the Deutsche X-trackers Harvest CSI 300 China A-Shares exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above the initial level, the payout at maturity will be par plus 68.5% of the gain.
If the fund falls but finishes at or above the 75% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
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| Issue: | Barrier securities
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| Underlying fund: | Deutsche X-trackers Harvest CSI 300 China A-Shares ETF
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| Amount: | $2.98 million
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| Maturity: | May 3, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund gains, par plus 68.5% of return; if fund falls by up to 25%, par; otherwise, full exposure to any losses
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| Initial share price: | $48.76
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| Barrier price: | $36.57, 75% of initial share price
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| Pricing date: | April 30
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| Settlement date: | May 5
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17298CAC2
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