By Marisa Wong
Morgantown, W.Va., July 11 – Citigroup Global Markets Holdings Inc. priced $4.53 million of 0% capped trigger gears due June 30, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes above its initial level, the payout at maturity will be par plus double the gain, up to a maximum gain of 32.25%.
If the index finishes flat or falls by up to 25%, 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.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Capped trigger gears
|
| Underlying index: | Russell 2000 index
|
| Amount: | $4,528,320
|
| Maturity: | June 30, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, up to a maximum gain of 32.25%; par if index finishes at or above downside threshold; otherwise, investors will lose 1% for each 1% index decline
|
| Initial level: | 1,403.522
|
| Downside threshold: | 1,052.642, 75% of initial level
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17325K420
|
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