By Susanna Moon
Chicago, July 31 – Citigroup Inc. priced $4.72 million of 0% market-linked notes due Jan. 31, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The average index return will be the average of the index returns on each quarterly valuation date during the life of the notes.
The payout at maturity will be par plus 105% of any index gain.
If the index falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $4,721,000
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| Maturity: | Jan. 31, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 105% of index return, floor of par
|
| Initial index level: | 16,982.59
|
| Pricing date: | July 28
|
| Settlement date: | July 31
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 1730T0U23
|
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