By Wendy Van Sickle
Columbus, Ohio, April 10 – Citigroup Global Markets Holdings Inc. priced $770,000 of 0% dual directional buffer securities due April 22, 2020 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the ETF is greater than its initial level, the payout at maturity will be par plus the return of the ETF, up to a 7% maximum upside return.
If the final level of the ETF is equal to or less than its initial level by up to 14.65%, the payout will be par plus the absolute value of the return of the ETF.
Otherwise, investors will lose 1.1716462% for each 1% loss of the ETF beyond the buffer.
The notes are guaranteed by Citigroup Inc.
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: | Dual directional buffer securities
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| Underlying ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $770,000
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| Maturity: | April 22, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of ETF is greater than its initial level, par plus return of ETF, up to 7% maximum upside return; if ETF falls by up to 14.65%, par plus absolute value of its return; otherwise 1.1716462% loss for each 1% loss of ETF beyond 14.65%
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| Initial level: | $44.40
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| Buffer value: | $37.895, 85.35% of initial level
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| Pricing date: | April 5
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| Settlement date: | April 10
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
|
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| Cusip: | 17326YLZ7
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