By Marisa Wong
Morgantown, W.Va., April 11 – Citigroup Global Markets Holdings Inc. priced $2.36 million of 0% capped gears due May 31, 2018 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 15.85%.
Investors will be fully exposed to any fund decline.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Capped gears
|
| Underlying ETF: | Financial Select Sector SPDR fund
|
| Amount: | $2,359,200
|
| Maturity: | May 31, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any fund gain, up to a maximum return of 15.85%; full exposure to losses
|
| Initial price: | $23.77
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 17325E812
|
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