By Wendy Van Sickle
Columbus, Ohio, May 10 – Citigroup Global Markets Holdings Inc. priced $11.59 million of 0% autocallable geared buffered securities due May 15, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a premium of 10.84% a year if the fund closes at or above its initial price on any quarterly observation date after one year.
If the final share price is greater than the initial price, the payout at maturity will be par plus 21.68%.
If the fund falls by up to 15%, the payout will be par.
If the fund falls by more than 15%, investors will lose 1.1765% for every 1% decline beyond the buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable geared buffered securities
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $11,585,000
|
| Maturity: | May 15, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus premium of 10.84% a year if fund closes at or above initial price on any quarterly observation date after one year
|
| Payout at maturity: | Par plus 21.68% if fund finishes at or above initial price; par if fund falls by up to 15%; otherwise, 1.1765% loss for every 1% drop beyond 15%
|
| Initial price: | $46.42
|
| Trigger price: | $39.457, 85% of initial price
|
| Pricing date: | May 9
|
| Settlement date: | May 11
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.1%
|
| Cusip: | 17324XFF2
|
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