By Wendy Van Sickle
Columbus, Ohio, Aug. 7 – Citigroup Global Markets Holdings Inc. priced $1.42 million of 0% dual directional barrier digital plus securities due Aug. 5, 2024 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the ETF finishes at or above the initial level, the payout at maturity will be par plus the greater of the ETF return and 24%.
If the ETF falls but not below its 75% barrier level, the payout at maturity will be par the absolute value of the ETF return.
If the ETF falls by more than 25%, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional barrier digital plus securities
|
| Underlying ETF: | iShares MSCI EAFE
|
| Amount: | $1,415,000
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| Maturity: | Aug. 5, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains, par plus greater of ETF return and 24%; if ETF falls by up to 25%, par plus absolute value of return; otherwise, 1% loss per 1% decline
|
| Initial level: | $64.45
|
| Barrier level: | $48.338, 75% of initial level
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 4.15%
|
| Cusip: | 17327TLF1
|
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