By Marisa Wong
Morgantown, W.Va., April 20 – Citigroup Global Markets Holdings Inc. priced $12.05 million of 0% buffer securities due April 1, 2021 linked to the iStoxx Global Economic Growth Select 50 index, 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 175% of any index gain.
Investors will receive par if the index falls by up to 25% and will be exposed to any losses beyond 25%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying index: | iStoxx Global Economic Growth Select 50 index
|
| Amount: | $12,053,000
|
| Maturity: | April 1, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.75 times any index gain; par if the index falls by up to 25%; 1% loss for every 1% decline beyond 25% buffer
|
| Initial level: | 129.35
|
| Pricing date: | March 29
|
| Settlement date: | April 4
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17324CT89
|
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