By Marisa Wong
Morgantown, W.Va., June 8 – Citigroup Global Markets Holdings Inc. priced $4.87 million of 0% trigger gears due May 31, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the fund return is greater than zero, the payout at maturity will be par of $10 plus 1.48 times the fund return. Investors will receive par if the fund declines by 25% or less and will lose 1% for each 1% decline from its initial level if the fund declines by more than 25%.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger gears
|
| Underlying ETF: | iShares MSCI EAFE
|
| Amount: | $4,868,300
|
| Maturity: | May 31, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.48 times any fund gain; par if the fund declines by 25% or less; full exposure to decline from initial level if fund declines by more than 25%
|
| Initial price: | $66.24
|
| Downside threshold: | $49.68, 75% of initial level
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17325E564
|
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