By Susanna Moon
Chicago, July 9 – Citigroup Global Markets Holdings Inc. priced $441,000 of 0% dual directional barrier securities due Dec. 31, 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 110% of the index return.
If the index falls by up to its 70% barrier level, the payout at maturity will be par plus the absolute value of the index return.
If the index falls by more than 30%, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional barrier securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $441,000
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| Maturity: | Dec. 31, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, plus 1.1 times return; if index falls by up to 30%, par plus absolute return; otherwise, 1% loss per 1% decline
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| Initial level: | 3,365.52
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| Barrier level: | 2,355.864, 70% of initial level
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| Pricing date: | June 28
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| Settlement date: | July 3
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17324CVE3
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