By Wendy Van Sickle
Columbus, Ohio, April 8 – Citigroup Global Markets Holdings Inc. priced $2.04 million of 0% buffer securities due April 1, 2025 linked to the lesser performing of the S&P 500 index and the iShares MSCI EAFE ETF, 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 2.75 times any gain of the lesser performing asset.
Investors will receive par if the lesser performing asset falls by up to the buffer amount of 15% and will lose 1% for every 1% that the laggard asset declines beyond the buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffer securities
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| Underlying assets: | iShares MSCI EAFE ETF, S&P 500
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| Amount: | $2.04 million
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| Maturity: | April 1, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 2.75 times any gain of the laggard asset; par if the lesser performing asset falls by up to buffer level; 1% loss for every 1% decline of laggard asset beyond buffer
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| Initial levels: | $52.86 for ETF, 2,541.47 for S&P
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| Buffer levels: | $44.931 for ETF, 2,160.25 for S&P; 85% of initial levels
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| Pricing date: | March 27
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| Settlement date: | April 1
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17328VB66
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