By Wendy Van Sickle
Columbus, Ohio, April 6 – Citigroup Global Markets Holdings Inc. priced $6.88 million of 0% notes due Oct. 2, 2019 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the ETF return is zero or positive, the payout at maturity will par plus 3 times the ETF return, subject to a 25.5% maximum gain.
Investors will be fully exposed to any decline.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Notes
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| Underlying ETF: | SPDR S&P Regional Banking ETF
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| Amount: | $6.88 million
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| Maturity: | Oct. 2, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If ETF return is zero or positive, par plus 3 times the gain up to 25.5% maximum gain; full exposure to losses
|
| Initial value: | $60.39
|
| Pricing date: | March 29
|
| Settlement date: | April 5
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.47%
|
| Cusip: | 17324CTJ5
|
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