By Marisa Wong
Morgantown, W.Va., April 4 – Citigroup Inc. priced $490,000 of 0% buffer securities due Oct. 3, 2019 linked to the worst performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the lesser-performing index is greater than or equal to its initial level, the payout at maturity will be par plus 145% of the return of the lesser-performing index.
If the final level of the lesser-performing index is less than its initial level by 15% or less, the payout will be par.
If the final level of the lesser-performing index is less than its initial level by more than 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying indexes: | Dow Jones industrial average and Russell 2000
|
| Amount: | $490,000
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| Maturity: | Oct. 3, 2019
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of lesser-performing index is greater than or equal to its initial level, par plus 145% of return of lesser-performing index; if final level of lesser-performing index is less than its initial level by 15% or less, par; if final level of lesser-performing index is less than its initial level by more than 15%, 1% loss for every 1% that lesser-performing index declines beyond 15%
|
| Initial levels: | 17,633.11 for Dow and 1,109.082 for Russell 2000
|
| Pricing date: | March 29
|
| Settlement date: | March 31
|
| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3%
|
| Cusip: | 17298CB98
|
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