By Angela McDaniels
Tacoma, Wash., July 8 – Citigroup Global Markets Holdings Inc. priced $1.71 million of 0% dual directional barrier securities due Jan. 7, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index finishes at or above the initial level, the payout at maturity will be par plus the index return.
If the index finishes below the initial level but at or above the barrier level, the payout at maturity will be par plus the absolute value of the index return. The barrier level is 82% of the initial index level.
If the index finishes below the barrier level, investors will be exposed to the index’s decline from its initial level.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Dual directional barrier securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1,708,000
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Maturity: | Jan. 7, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above initial level, par plus index return; if index finishes below initial level but at or above barrier level, par plus absolute value of index return; if index finishes below barrier level, exposure to index’s decline from initial level
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Initial index level: | 2,864.74
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Barrier level: | 2,349.087, 82% of initial level
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Pricing date: | June 30
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Settlement date: | July 6
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2%
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Cusip: | 17324C6B7
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