By Sarah Lizee
Olympia, Wash., June 21 – Citigroup Global Markets Holdings Inc. priced $2.75 million of 0% buffer securities due June 4, 2021 linked to an unequally weighted basket of the iShares MSCI EAFE ETF with an 53% weight, the iShares MSCI Emerging Markets ETF with a 34% weight and the iShares MSCI EAFE Small-Cap ETF with a 13% weight, 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 200% of any basket gain, capped at par plus 20.8%. Investors will receive par if the basket is flat or falls by up to 15% and will lose 1% for every 1% that the basket declines beyond the 15% buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Buffer securities
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| Underlying basket: | iShares MSCI EAFE ETF (53% weight), the iShares MSCI Emerging Markets ETF (34% weight) and the iShares MSCI EAFE Small-Cap ETF (13% weight)
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| Amount: | $2.75 million
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| Maturity: | June 4, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any basket gain, capped at par plus 20.8%; par if basket is flat or falls by up to 15%; 1% loss for every 1% decline beyond 15% buffer
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| Initial levels: | $63.40 for EAFE, $40.71 for EM, $55.95 for Small-Cap
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| Pricing date: | May 31
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| Settlement date: | June 5
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | None
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| Cusip: | 17326YRK4
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