By Marisa Wong
Morgantown, W.Va., April 16 – Citigroup Global Markets Holdings Inc. priced $1.54 million of 0% dual directional barrier securities due Oct. 1, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index finishes at or above the initial level, the payout at maturity will be par plus 130% of the index return.
If the index finishes below the initial level but at or above the 70% barrier level, the payout at maturity will be par plus the absolute value of the index return.
If the index finishes below the barrier level, investors will have one-to-one exposure to the index’s decline from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional barrier securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,542,000
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| Maturity: | Oct. 1, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above the initial level, plus 1.3 times the index return; if the index finishes below the initial level but at or above the barrier level, par plus the absolute value of the index return; if the index finishes below the barrier level, one-to-one exposure to the index’s decline from its initial level
|
| Initial level: | 3,331.25
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| Barrier level: | 2,331.875, 70% of initial level
|
| Pricing date: | March 28
|
| Settlement date: | April 3
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17324CSK3
|
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