By Angela McDaniels
Tacoma, Wash., Jan. 6 – Citigroup Global Markets Holdings Inc. priced $1.47 million of 0% barrier securities due Jan. 7, 2021 linked to the Alerian MLP exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus 225% of the ETF return.
If the final share price is less than the initial share price but greater than or equal to the barrier level, 70% of the initial share price, the payout will be par.
If the final share price is less than the barrier level, 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 agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying ETF: | Alerian MLP ETF
|
| Amount: | $1.47 million
|
| Maturity: | Jan. 7, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to initial share price, par plus 225% of ETF return; if final share price is less than initial share price but greater than or equal to barrier level, par; if final share price is less than barrier level, 1% loss for every 1% that final share price is less than initial share price
|
| Initial share price: | $12.78
|
| Barrier price: | $8.946, 70% of initial share price
|
| Pricing date: | Jan. 4
|
| Settlement date: | Jan. 9
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.85%
|
| Cusip: | 17324CDS2
|
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