By Wendy Van Sickle
Columbus, Ohio, Dec. 3 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% barrier securities due Nov. 29, 2024 linked to the iShares Russell 1000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the ETF finishes at or above the initial level, the payout at maturity will be par plus 1.725 times the return of the ETF.
If the ETF falls but finishes at or above the 80% barrier level, the payout at maturity will be par.
Otherwise, investors will have full exposure to any decline in the fund.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Barrier securities
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| Underlying ETF: | iShares Russell 1000 Value ETF
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| Amount: | $1 million
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| Maturity: | Nov. 29, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the ETF finishes at or above the initial level, par plus 1.725 times return of ETF; if the ETF falls by up to 20%, par; full exposure to loss if ETF falls by more than 20%
|
| Initial ETF level: | $133.26
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| Barrier level: | $106.608, 80% of initial level
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| Pricing date: | Nov. 25
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| Settlement date: | Nov. 29
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17327TQW9
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