By Toni Weeks
San Luis Obispo, Calif., Aug. 4 – Citigroup Inc. priced $2.21 million of 0.25% market-linked notes due Feb. 4, 2021 linked to a basket containing one index and two exchange-traded funds, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable semiannually.
The underlying components are the S&P 500 index, the iShares MSCI EAFE ETF and the iShares Core U.S. Aggregate Bond ETF.
The payout at maturity will be par plus 105% of any basket gain. If the basket falls, the payout will be par.
The final basket level will be the average of the basket returns from the pricing date to each quarterly valuation date during the life of the notes.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying components: | S&P 500 index, iShares MSCI EAFE ETF and iShares Core U.S. Aggregate Bond ETF, equally weighted
|
| Amount: | $2,212,000
|
| Maturity: | Feb. 4, 2021
|
| Coupon: | 0.25%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par plus 105% of any basket gains; par if basket return is negative
|
| Final basket level: | Average of basket returns from pricing date to each quarterly valuation date during life of notes
|
| Initial component levels: | 2,108.63 for S&P 500, $64.40 for iShares MSCI EAFE, $109.07 for iShares Core U.S. Aggregate Bond
|
| Initial basket level: | 100
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 4
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17298CCX4
|
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