By Sarah Lizee
Olympia, Wash., Oct. 18 – Citigroup Global Markets Holdings Inc. priced $613,000 of 0% buffered ETF-linked notes due Feb. 20, 2020 linked to the iShares MSCI Emerging Markets ETF, 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 140% of any ETF gain, up to a maximum settlement amount of $1,253.40 per $1,000 of notes.
Investors will receive par if the ETF falls by up to the 10% buffer and will lose 1.1111% for each 1% decline beyond the buffer.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered ETF-linked notes
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $613,000
|
| Maturity: | Feb. 20, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is positive, par plus 140% of ETF return, subject to maximum payment of $1,253.40 per $1,000 principal amount; par if ETF falls by up to 10%; 1.1111% loss for every 1% decline in ETF beyond 10%
|
| Initial level: | $40.86
|
| Pricing date: | Oct. 16
|
| Settlement date: | Oct. 23
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17326YJU1
|
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