By Marisa Wong
Morgantown, W.Va., April 17 – Citigroup Global Markets Holdings Inc. priced $2.09 million of 0% buffer securities due April 4, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 1.5 times any fund gain, subject to a maximum return of 23%. Investors will receive par if the fund falls by up to the buffer amount of 15% and will lose 1% for every 1% that the fund declines beyond the buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $2,085,000
|
| Maturity: | April 4, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any fund gain, return capped at 23%; par if the fund falls by up to 15%; 1% loss for every 1% decline beyond 15% buffer
|
| Initial price: | $39.39
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17324CGP5
|
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