By Marisa Wong
Morgantown, W.Va., March 1 – Citigroup Global Markets Holdings Inc. priced $2.11 million of 0% buffer securities due March 3, 2022 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.
The payout at maturity will be par plus 1.05 times any index gain. Investors will receive par if the index falls by up to the buffer amount of 15% and will lose 1% for every 1% that the index declines beyond the buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $2,109,000
|
| Maturity: | March 3, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.05 times any index gain; par if the index falls by up to 15%; 1% loss for every 1% decline beyond 15% buffer
|
| Initial level: | 20,837.44
|
| Pricing date: | Feb. 27
|
| Settlement date: | March 2
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324CF68
|
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