By Wendy Van Sickle
Columbus, Ohio, Aug. 27 – Citigroup Global Markets Holdings Inc. priced $10 million of 8.55% buffered fixed coupon autocallable yield notes due Aug. 30, 2021 linked to the SPDR Dow Jones industrial average ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be automatically called at par if the ETF closes at or above the initial share price on any monthly observation date.
The payout at maturity will be par unless the ETF finishes below the 90% buffer level, in which case investors will receive 3.92369 ETF shares.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Buffered fixed-coupon autocallable yield notes
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| Underlying ETF: | SPDR Dow Jones industrial average ETF Trust
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| Amount: | $10 million
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| Maturity: | Aug. 30, 2021
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| Coupon: | 8.55% per year, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless ETF finishes below buffer level, in which case investors will receive 3.96369 ETF shares
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| Call: | Automatically at par if ETF closes at or above initial share price on any monthly observation date
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| Initial share price: | $283.18
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| Buffer level: | $254.862, 90% of initial share price
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| Pricing date: | Aug. 25
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| Settlement date: | Aug. 28
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| Agent: | Citigroup Global Markets Inc.
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| Selected dealer: | Morgan Stanley Wealth Management
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| Fees: | 0.2%
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| Cusip: | 17324XY53
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