By Marisa Wong
Morgantown, W.Va., Jan. 5 – Citigroup Inc. priced $2.13 million of 0% trigger performance securities due Dec. 31, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par of $10 plus 185% of the ETF return.
If the ETF return is zero or negative and the final share price is greater than or equal to the trigger price, 75% of the initial share price, the payout will be par.
If the final share price is less than the trigger price, investors will be fully exposed to the decline in the ETF from its initial share price.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Inc.
|
| Issue: | Trigger return optimization securities
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $2,126,700
|
| Maturity: | Dec. 31, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 185% times any fund gain; par if fund falls by up to 25%; full exposure to losses if fund finishes below 75% of initial level
|
| Initial price: | $59.29
|
| Trigger price: | $44.47, 75% of initial price
|
| Pricing date: | Dec. 28
|
| Settlement date: | Dec. 31
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 0.5%
|
| Cusip: | 17323P223
|
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