By Sarah Lizee
Olympia, Wash., March 2 – Citigroup Global Markets Holdings Inc. priced $1.1 million of 0% dual directional barrier securities due March 11, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index gains or finishes flat, the payout will be par plus the absolute value of the return of the index, capped at par plus 7%.
If the index falls by up to the 83.45% barrier level, the payout will be par plus the absolute value of the index’s return.
If the index falls below the barrier level, the payout will be par plus the return of the index with full exposure to the decline.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Dual directional barrier securities
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Underlying index: | S&P 500
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Amount: | $1.1 million
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Maturity: | March 11, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index gains or finishes flat, par plus the absolute value of the return of the index, capped at par plus 7%; if the index falls by up to the barrier level, par plus the absolute value of the index’s return; if the index falls below the barrier level, par plus the return of the index with full exposure to the decline
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Initial index level: | 3,225.89
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Barrier level: | 2,692.005, 83.45% of initial level
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Pricing date: | Feb. 4
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Settlement date: | Feb. 27
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17328VHC7
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