By Sarah Lizee
Olympia, Wash., May 6 – Citigroup Global Markets Holdings Inc. priced $3.69 million 0% relative performance securities due May 6, 2021 linked to the performance of the MSCI Emerging Markets index relative to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The relative underlying return is the return of the MSCI Emerging Markets minus the return of the S&P 500.
If the relative underlying return is greater than zero, the payout at maturity will be par plus 117.5% of the relative underlying return.
If the relative underlying return is less than or equal to zero but greater than or equal to negative 10%, the payout will be par.
If the relative underlying return is less than negative 10%, investors will lose 1% for every 1% by which the MSCI Emerging Markets’ underperformance exceeds 10%, subject to a minimum payment at maturity of $100 per security.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Relative performance securities
|
| Underlying indexes: | MSCI Emerging Markets index, S&P 500 index
|
| Amount: | $3,693,000
|
| Maturity: | May 6, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the relative underlying return is greater than zero, par plus 117.5% of the relative underlying return; if the relative underlying return is less than or equal to zero but greater than or equal to negative 10%, par; if the relative underlying return is less than negative 10%, 1% loss for every 1% by which the MSCI Emerging Markets’ underperformance exceeds 10%, subject to a minimum payment at maturity of $100 per security
|
| Relative performance: | The return of the MSCI Emerging Markets minus the return of the S&P 500
|
| Initial levels: | 1,080.48 for EM, 2,923.73 for S&P
|
| Pricing date: | May 1
|
| Settlement date: | May 6
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17326YED4
|
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