By Angela McDaniels
Tacoma, Wash., Oct. 26 – Citigroup Global Markets Holdings Inc. priced $3.33 million of 0% dual directional barrier securities due Oct. 25, 2018 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the fund finishes at or above the initial share price, the payout at maturity will be par plus 200% of the fund return, subject to a maximum return of 21.4%.
If the fund finishes below the initial share price but at or above the barrier share price, the payout at maturity will be par plus the absolute value of the fund return. The barrier share price is 80% of the initial fund share price.
If the fund finishes below the barrier share price, investors will be exposed to the fund’s decline from its initial share price.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional barrier securities
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| Underlying fund: Energy Select Sector SPDR Fund
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| Amount: | $3.33 million
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| Maturity: | Oct. 25, 2018
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If fund finishes at or above initial share price, par plus 200% of fund return, subject to 21.4% maximum return; if fund finishes below initial share price but at or above barrier share price, par plus absolute value of fund return; if fund finishes below barrier share price, exposure to fund’s decline from initial share price
|
| Initial share price: | $70.19
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| Barrier share price: | $56.152, 80% of initial share price
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| Pricing date: | Oct. 21
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| Settlement date: | Oct. 26
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17324CC20
|
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