By Marisa Wong
Morgantown, W.Va., April 6 – Citigroup Global Markets Holdings Inc. priced $1.41 million of 0% barrier securities due March 31, 2022 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.
If the final share price is greater than the initial share price, the payout at maturity will be par plus 110% of the ETF return.
If the final share price is less than or equal to the initial share price but greater than or equal to the 80% barrier price, the payout will be par.
Otherwise, investors will receive a number of shares of the ETF equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash value of those shares.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Barrier securities
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| Underlying ETF: | SPDR Dow Jones industrial average ETF trust
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| Amount: | $1,407,000
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| Maturity: | March 31, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than initial share price, par plus 110% of the ETF return; if final share price is less than or equal to initial share price but greater than or equal to barrier price, par; otherwise, 4.13531 shares of ETF or, at issuer’s option, cash equivalent
|
| Initial share price: | $241.82
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| Barrier price: | $193.456, 80% of initial share price
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| Pricing date: | March 26
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| Settlement date: | March 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17324XHU7
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