By Angela McDaniels
Tacoma, Wash., Aug. 31 – Citigroup Global Markets Holdings Inc. priced $3.33 million of 0% capped trigger gears due Aug. 31, 2018 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the ETF return is greater than zero, the payout at maturity will be par of $10 plus two times the ETF return, subject to a maximum return of 25.25%. Investors will receive par if the ETF declines by 25% or less and be fully exposed to the ETF’s decline from its initial share price if it declines by more than 25%.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Capped trigger gears
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| Underlying ETF: | Energy Select Sector SPDR fund
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| Amount: | $3.33 million
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| Maturity: | Aug. 31, 2018
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If ETF return is greater than zero, par plus two times ETF return, subject to 25.25% maximum return; par if ETF return is less than or equal to zero and final share price is greater than or equal to downside threshold; full exposure to ETF’s decline from initial share price if ETF finishes below downside threshold
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| Initial share price: | $69.41
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| Downside threshold: | $52.0575, 75% of initial share price
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| Pricing date: | Aug. 26
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| Settlement date: | Aug. 31
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| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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| Fees: | 2%
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| Cusip: | 17324P800
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