By Marisa Wong
Morgantown, W.Va., Jan. 28 – Citigroup Inc. priced $1.4 million of 0% trigger performance securities due Jan. 29, 2021 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 157% of any fund gain.
Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund finishes below the 75% trigger level.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Inc.
|
| Issue: | Trigger performance securities
|
| Underlying ETF: | Vanguard FTSE Emerging Markets ETF
|
| Amount: | $1,395,400
|
| Maturity: | Jan. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 157% of any fund gain; par if index falls by up to 25%; full exposure to losses from initial level if fund falls by more than 25%
|
| Initial price: | $29.50
|
| Trigger price: | $22.13, 75% of initial price
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 29
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17323P447
|
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