By Sarah Lizee
Olympia, Wash., Aug. 8 – Citigroup Global Markets Holdings Inc. priced $2.56 million of 0% notes due Sept. 10, 2020 linked to the SPDR S&P Bank ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the final ETF level is greater than the initial level, the payout at maturity will be par plus 3 times the ETF return, subject to a maximum return of 24%.
If the final ETF level is less than the initial level, investors will lose 1% for every 1% that the ETF declines from its initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Notes
|
| Underlying ETF: | SPDR S&P Bank ETF
|
| Amount: | $2,555,000
|
| Maturity: | Sept. 10, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final ETF level is greater than the initial level, par plus 3 times the ETF return, subject to a maximum return of 24%; if the final ETF level is less than the initial level, investors will lose 1% for every 1% that the ETF declines from its initial level
|
| Initial level: | $41.33
|
| Pricing date: | Aug. 5
|
| Settlement date: | Aug. 12
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.33%
|
| Cusip: | 17327TVE3
|
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