By Wendy Van Sickle
Columbus, Ohio, Aug. 5 – Citigroup Global Markets Holdings Inc. priced $11.59 million of 0% trigger Performance Leveraged Upside Securities due Nov. 4, 2020 linked to the Financial Select Sector SPDR fund, according to a 424B2 filed with the Securities and Exchange Commission.
If the ETF finishes above its initial level, the payout at maturity will be par plus 300% of the ETF return up to a maximum of $14.90 per plus.
If the ETF falls by up to its 90% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying ETF: | Financial Select Sector SPDR fund
|
| Amount: | $11,591,300
|
| Maturity: | Nov. 4, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of the ETF return, up to a maximum of $14.90 per plus; if ETF falls by up to 10%, par; otherwise, 1% loss per 1% decline
|
| Initial level: | $28.25
|
| Trigger level: | $25.425, 90% of initial level
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17327P633
|
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