By Sarah Lizee
Olympia, Wash., March 1 – Citigroup Global Markets Holdings Inc. priced $848,000 of 0% dual directional barrier securities due Aug. 31, 2021 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the fund finishes at or above the initial level, the payout at maturity will be par plus the gain.
If the fund falls by up to 25%, the payout at maturity will be par plus the absolute value of the return.
If the fund falls below its 75% barrier level, the payout will be $1,000 divided by the initial share price.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional barrier securities
|
| Underlying fund: | SPDR S&P 500 ETF Trust
|
| Amount: | $848,000
|
| Maturity: | Aug. 31, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund gains, plus times return; if fund falls by up to 25%, par plus absolute return; otherwise, 3.58012 fund shares
|
| Initial level: | $279.32
|
| Barrier level: | $209.490, 75% of initial level
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 1
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17324XME7
|
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