By Angela McDaniels
Tacoma, Wash., March 28 – Citigroup Inc. priced $549,000 of 0% barrier securities due March 29, 2021 linked to the Technology Select Sector SPDR 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 fund return.
If the final share price is less than the initial share price but greater than or equal to the 80% barrier price, the payout will be par.
If the final share price is less than the barrier price, investors will lose 1% for every 1% that the final share price is less than the initial share price.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying fund: | Technology Select Sector SPDR fund
|
| Amount: | $549,000
|
| Maturity: | March 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to initial share price, par plus fund return; if final share price is less than initial share price but greater than or equal to barrier price, par; if final share price is less than barrier price, 1% loss for every 1% that final share price is less than initial share price
|
| Initial share price: | $43.62
|
| Barrier price: | $34.896, 80% of initial share price
|
| Pricing date: | March 24
|
| Settlement date: | March 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17298CD21
|
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