By Wendy Van Sickle
Columbus, Ohio, March 2 – Citigroup Inc. priced $682,000 of 0% barrier digital plus securities due Aug. 29, 2019 linked to the iShares Russell 2000 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus the greater of the fund return and the fixed return amount of 24%.
If the final share price is less than the initial price but greater than or equal to the barrier price, 80% of the initial share price, the payout will be par.
If the fund finishes below the barrier price, investors will be fully exposed to the fund’s decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Barrier digital plus securities
|
| Underlying fund: | iShares Russell 2000 exchange-traded fund
|
| Amount: | $682,000
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| Maturity: | Aug. 29, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If final share price is greater than or equal to initial price, par plus greater of fund return and 24%; if final share price is less than initial price but greater than or equal to barrier price, par; if fund finishes below barrier price, full exposure to fund’s decline
|
| Initial share price: | $103.16
|
| Barrier price: | $82.528, 80% of initial price
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 2
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17298C7E2
|
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