By Marisa Wong
Morgantown, W.Va., July 5 – Citigroup Global Markets Holdings Inc. priced $1.57 million of 0% buffer securities due June 25, 2020 linked to 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 1.5 times any index gain, subject to a maximum return of 30.8%. Investors will receive par if the index falls by up to the buffer amount of 20% and will lose 1% for every 1% that the index declines beyond the 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 index: | Euro Stoxx 50
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Amount: | $1.57 million
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Maturity: | June 25, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 30.8%; par if the index falls by up to 20%; 1% loss for every 1% decline beyond 20% buffer
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Initial level: | 3,441.60
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Pricing date: | June 22
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Settlement date: | June 27
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.5%
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Cusip: | 17324CVF0
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