By Wendy Van Sickle
Columbus, Ohio, Feb. 28 – Citigroup Global Markets Holdings Inc. priced $691,000 of 0% buffer securities due Feb. 27, 2023 linked to the SPDR Dow Jones industrial average ETF trust, 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 110% of any fund gain. Investors will receive par if the fund falls by up to the buffer amount of 10% and will lose 1% for every 1% that the fund declines beyond the buffer.
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: | Buffer securities
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| Underlying fund: | SPDR Dow Jones industrial average ETF trust
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| Amount: | $691,000
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| Maturity: | Feb. 27, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 110% of any fund gain; par if the fund falls by up to 10%; 1% loss for every 1% decline beyond 10% buffer
|
| Initial price: | $249.49
|
| Pricing date: | Feb. 22
|
| Settlement date: | Feb. 27
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324XJK7
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