By Wendy Van Sickle
Columbus, Ohio, June 26 – Citigroup Global Markets Holdings Inc. priced $568,000 of 0% dual directional barrier securities due June 24, 2025 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index gains or finishes flat, the payout will be par plus 1.2 times the return of the index.
If the index falls but not below the 80% barrier level, the payout will be par plus the absolute value of the index’s return.
If the index falls below the barrier level, the payout will be par plus the return of the index with full exposure to the decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional barrier securities
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| Underlying index: | Dow Jones industrial average
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| Amount: | $568,000
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| Maturity: | June 24, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index gains or finishes flat, par plus 1.2 times return of the index; if the index falls but finishes at or above the barrier level, par plus the absolute value of the index’s return; if the index finishes below the barrier level, par plus the return of the index with full exposure to the decline
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| Initial index level: | 25,871.46
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| Barrier level: | 20,687.168, 80% of initial level
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| Pricing date: | June 19
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| Settlement date: | June 24
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17328VLG3
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