By Taylor Fox
New York, Feb. 8 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% barrier securities due Jan. 12, 2023 linked to the ARK Innovation ETF, 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 or equal to the initial share price, the payout at maturity will be par plus the ETF return up to 62%.
If the final share price is less than the initial share price but greater than or equal to the 80% barrier price, the payout will be par.
If the final share price is less than the barrier price, investors will lose 1% for each 1% decline from the initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying ETF: | ARK Innovation ETF
|
| Amount: | $1,002,000
|
| Maturity: | Jan. 12, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to initial share price, par plus ETF return up to par plus 62%; if final share price is less than initial share price but greater than or equal to barrier price, par; if final share price is less than barrier price, 1% loss for each 1% decline from initial level
|
| Initial share price: | $142.48
|
| Barrier price: | $113.984; 80% of initial share price
|
| Pricing date: | Jan. 8
|
| Settlement date: | Jan. 13
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.75%
|
| Cusip: | 17328YC85
|
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