By Wendy Van Sickle
Columbus, Ohio, May 3 – Citigroup Global Markets Holdings Inc. priced $1.95 million of 0% dual directional market-linked notes due April 28, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
A knock-out event will occur if the index ever closes above 125% of its initial level or below 75% of its initial level on any trading day during the life of the notes.
If a knock-out event occurs, the payout at maturity will be par plus 3%.
If a knock-out event does not occur, the payout will be par plus the absolute value of the index return.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional market-linked notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $1,951,000
|
| Maturity: | April 28, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains or declines by more than 25% during life of notes, par plus 3%; otherwise, par plus the absolute value of the index return
|
| Initial level: | 26,462.08
|
| Upside knock-out level: | 33,077.6, 125% of initial level
|
| Downside knock-out level: | 19,846.56, 75% of initial level
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17326YZF6
|
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