By Wendy Van Sickle
Columbus, Ohio, Nov. 8 – Citigroup Global Markets Holdings Inc. priced $778,000 of 0% buffer securities due Feb. 4, 2021 linked to the iShares MSCI Emerging Markets ETF, 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 ETF gain, up to a maximum payout of par plus 13.25%.
Investors will receive par if the ETF falls by up to 10% and will lose 1% per 1% drop beyond 10%.
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 ETF: | iShares MSCI Emerging Markets ETF
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Amount: | $778,000
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Maturity: | Feb. 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 ETF gain, up to a maximum payout of par plus 13.25%; par if the ETF falls by up to 10%; 1% loss per 1% drop beyond 10%
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Initial ETF level: | $42.58
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Buffer level: | $38.322, 90% of initial level
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Pricing date: | Oct. 31
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Settlement date: | Nov. 5
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.9%
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Cusip: | 17327TLK0
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