By Marisa Wong
Los Angeles, March 16 – Citigroup Global Markets Holdings Inc. priced $2,897,000 of 0% buffered notes due June 15, 2022 linked to the MSCI EAFE 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 1.6 times any index gain, capped at $1,296.16 per $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% per 1% drop beyond 15%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered notes
|
| Underlying index: | MSCI EAFE index
|
| Amount: | $2,897,000
|
| Maturity: | June 15, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.6 times any index gain, capped at par plus 29.616%; par if the index falls by up to 15%; 1.1765% loss per 1% drop beyond 15%
|
| Initial index level: | 1,856.73
|
| Pricing date: | March 5
|
| Settlement date: | March 12
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17328VHD5
|
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