By Marisa Wong
Morgantown, W.Va., March 5 – Citigroup Global Markets Holdings Inc. priced $1.79 million of 0% buffer securities due Aug. 28, 2020 linked to the Euro Stoxx 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 double any index gain, capped at par plus 27.5%.
Investors will receive par if the index falls by up to 15% and will lose 1% per 1% drop beyond 15%.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Buffer securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1,792,000
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Maturity: | Aug. 28, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, capped at par plus 27.5%; par if the index falls by up to 15%; 1% loss per 1% drop beyond 15%
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Initial index level: | 3,280.01
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Pricing date: | Feb. 25
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Settlement date: | Feb. 28
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.25%
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Cusip: | 17326YL38
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