By William Gullotti
Buffalo, N.Y., June 14 – Citigroup Global Markets Holdings Inc. priced $1.41 million of 0% buffered ETF-linked notes due March 22, 2023 based on the performance of the iShares MSCI Emerging Markets ETF, 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 1.4 times any ETF gain, up to the maximum settlement amount of $1,203 per $1,000 principal amount of notes.
If the ETF falls by up to 12.5%, the payout will be par.
Otherwise, investors will lose 1.429% for every 1% decline beyond 12.5%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered ETF-linked notes
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $1,405,000
|
| Maturity: | March 22, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.4 times any ETF gain, capped $1,203 per $1,000 principal amount of notes; if ETF falls by up to 12.5%, par; 1.429% loss for every 1% decline beyond 12.5%
|
| Initial ETF level: | $53.76
|
| Buffer level: | 87.5% of initial level
|
| Pricing date: | May 20
|
| Settlement date: | May 27
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17329FHX5
|
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