By Angela McDaniels
Tacoma, Wash., May 23 – Citigroup Global Markets Holdings Inc. priced $2.75 million of 0% dual directional barrier securities due May 29, 2029 linked to 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.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus 135% of the ETF return.
If the final share price is less than the initial share price but greater than or equal to the barrier price, 60% of the initial share price, the payout will be par plus the absolute value of the ETF return.
If the final share price is less than the barrier price, investors will lose 1% for every 1% that the ETF declines from its initial share price.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional barrier securities
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $2.75 million
|
| Maturity: | May 29, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to initial share price, par plus 135% of ETF return; if final share price is less than initial share price but greater than or equal to barrier price, par plus absolute value of ETF return; if final share price is less than barrier price, 1% loss for every 1% that ETF declines from initial share price
|
| Initial share price: | $40.63
|
| Barrier price: | $24.378, 60% of initial share price
|
| Pricing date: | May 21
|
| Settlement date: | May 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17326YX68
|
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