By William Gullotti
Buffalo, N.Y., Jan. 27 – Citigroup Global Markets Holdings Inc. priced $1.16 million of 0% dual directional barrier securities due Sept. 1, 2026 linked to performance of the iShares MSCI Emerging Markets ETF and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the least performing ETF finishes at or above its initial level, the payout at maturity will be par plus 135% of the return of that ETF.
If the worst performing ETF falls by up to 30%, the payout will be par plus 50% of the absolute value of the return of the worst performer.
Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional barrier securities
|
| Underlying funds: | iShares MSCI Emerging Markets ETF, iShares MSCI EAFE ETF
|
| Amount: | $1,157,000
|
| Maturity: | Sept. 1, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the least performing ETF finishes at or above its initial level, par plus 135% of the return of that ETF; if the worst performing ETF falls by up to barrier level, par plus 50% of the absolute value of the return of the worst performer; otherwise, full exposure to decline of the worst performer from its initial level
|
| Initial levels: | $80.70 for MSCI EAFE, $51.59 for EM ETF
|
| Barrier levels: | $56.49 for MSCI EAFE, $36.113 for EM ETF; 70% of initial levels
|
| Pricing date: | Aug. 27
|
| Settlement date: | Sept. 1
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17329QH37
|
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