By Marisa Wong
Morgantown, W.Va., Jan. 3 – Citigroup Global Markets Holdings Inc. priced $4.52 million of 0% capped trigger gears due Dec. 31, 2019 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the fund finishes above its initial level, the payout at maturity will be par plus double the gain, up to a maximum gain of 37%.
If the fund finishes flat or falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Capped trigger gears
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| Underlying fund: | Financial Select Sector SPDR fund
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| Amount: | $4,521,000
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| Maturity: | Dec. 31, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus double any fund gain, up to a maximum gain of 37%; par if fund finishes at or above downside threshold; otherwise, investors will lose 1% for each 1% decline
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| Initial price: | $23.61
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| Downside threshold: | $18.888, 80% of initial price
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| Pricing date: | Dec. 27
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| Settlement date: | Dec. 30
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17325E390
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