By Kiku Steinfeld
Chicago, March 29 – Citigroup Global Markets Holdings Inc. priced $1.35 million of 0% buffer securities due Sept. 26, 2024 linked to the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, 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 105% of any positive return of the laggard asset.
If the laggard asset falls by up to 30%, the payout will be par.
Investors will be exposed to declines in the laggard asset beyond 30%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffer securities
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| Underliers: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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| Amount: | $1.35 million
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| Maturity: | Sept. 26, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 105% of any positive return of laggard asset; par if laggard asset falls by up to 30%; exposure to any losses of laggard asset beyond 30%
|
| Initial levels: | $80.19 for ETF and 4,150.19 for index
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| Buffer levels: | $56.133 for ETF and 2,905.133 for index, 70% of initial levels
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| Pricing date: | Sept. 22
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| Settlement date: | Sept. 27
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
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| Cusip: | 17329QVH0
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