By Wendy Van Sickle
Columbus, Ohio, Jan. 4 – Citigroup Global Markets Holdings Inc. priced $335,000 of 0% dual directional barrier securities due Dec. 31, 2020 linked to the least performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain of the worse performing asset, capped at 40%.
If the worse performing asset falls by up to 30%, the payout will be par plus the absolute value of the return of the worse performing asset.
Otherwise, investors will be fully exposed to the decline of the lesser performing asset.
The notes will be guaranteed by Citigroup Inc.
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 assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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| Amount: | $335,000
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| Maturity: | Dec. 31, 2020
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par plus two times any gain of worse performing asset, capped at 40%; if worse performer falls by up to 30%, par plus absolute value of return of worse performer; otherwise, full exposure to any losses of worst performing asset
|
| Initial levels: | $70.22 for ETF and 3,550.17 for Stoxx
|
| Barrier levels: | $49.154 for ETF and 2,485.119 for Stoxx; 70% of initial levels
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| Pricing date: | Dec. 27
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| Settlement date: | Dec. 29
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
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| Cusip: | 17324CPS9
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