By Marisa Wong
Morgantown, W.Va., Aug. 9 – Citigroup Global Markets Holdings Inc. priced $819,000 of 0% buffer securities due Aug. 4, 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.
The payout at maturity will be par plus 1.1 times any fund gain, subject to a maximum return of 50%. If the fund falls by up to the buffer amount of 20%, the payout will be par. If the fund falls by more than 20%, investors will lose 1% for each 1% decline beyond 20%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffer securities
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| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $819,000
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| Maturity: | Aug. 4, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.1 times any fund gain, return capped at 50%; par if the fund falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
|
| Initial price: | $66.93
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 3
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324CL95
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