By William Gullotti
Buffalo, N.Y., March 13 – Citigroup Global Markets Holdings Inc. priced $4.29 million of 0% capped airbag gears due March 13, 2025 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index gain, subject to a maximum payout of par plus 28.4%.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Capped airbag gears
|
| Underlying index: | MSCI EAFE index
|
| Amount: | $4,294,500
|
| Maturity: | March 13, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at par plus 28.4%; par if index falls by up to 15%; otherwise, 1.1765% loss for each 1% decline beyond 15%
|
| Initial price: | 2,057.52
|
| Downside threshold: | 1,748.89; 85% of initial level
|
| Pricing date: | March 8
|
| Settlement date: | March 13
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 17331D527
|
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