By Marisa Wong
Morgantown, W.Va., April 11 – Citigroup Global Markets Holdings Inc. priced $1.83 million of 0% buffer securities due March 24, 2022 linked to the worst performing of the MSCI AC Asia ex Japan index and the iShares MSCI Emerging Markets exchange-traded fund, 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 1.435 times any gain in the worse performing asset.
Investors will receive par if the worse performing asset falls by up to 15% and will lose 1% per 1% decline of the worse performing asset beyond 15%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying assets: | MSCI AC Asia ex Japan index and the iShares MSCI Emerging Markets ETF
|
| Amount: | $1,825,000
|
| Maturity: | March 24, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.435 times any gain in worse performing asset; par if worse performing asset falls by up to 15%; 1% loss per 1% drop of worse performing asset beyond 15%
|
| Initial value: | 664.31 for index, $43.65 for ETF
|
| Buffer value: | 564.664 for index, $37.103 for ETF; 85% of initial value
|
| Pricing date: | March 20
|
| Settlement date: | March 25
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17326YVK9
|
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