By William Gullotti
Buffalo, N.Y., Feb. 3 – Citigroup Global Markets Holdings Inc. priced $5.1 million of 0% barrier securities due Jan. 30, 2025 linked to an equally weighted basket consisting of the Financial Select Sector SPDR Fund, the Invesco S&P 500 Equal Weight ETF and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the basket finishes at or above its initial level, payout will be par plus 300% of the return of the basket, subject to a maximum return of par plus 30%.
If the basket finishes below its initial level but at or above its final barrier level, 80% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the basket from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
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| Underlying funds: | Financial Select Sector SPDR Fund, Invesco S&P 500 Equal Weight ETF, iShares MSCI Emerging Markets ETF; equal weights
|
| Amount: | $5,096,000
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| Maturity: | Jan. 30, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket finishes above initial level, par plus 300% of the gain of the basket, capped at par plus 30%; if the basket finishes below its initial level but at or above its final barrier level, par; otherwise, 1% loss for each 1% decline of the basket from its initial level
|
| Initial levels: | $36.25 for SPDR, $150.80 for Invesco, $42.30 for iShares
|
| Final barrier level: | 80% of initial levels
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 1
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.8%
|
| Cusip: | 17331CJB4
|
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