By Wendy Van Sickle
Columbus, Ohio, Dec. 1 – Citigroup Global Markets Holdings Inc. priced $702,000 of 0% dual directional barrier securities due May 25, 2023 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the worst performing asset finishes at or above its initial level, the payout at maturity will be par plus 135% of the return of the least performing index.
If the worst performing index falls by up to 15%, the payout will be par plus the absolute value of the return of the worst performing asset.
Otherwise, investors will be fully exposed to the decline of the least performing asset.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional barrier securities
|
| Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
|
| Amount: | $702,000
|
| Maturity: | May 25, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the worst performing asset finishes at or above its initial level, par plus 135% of return of the least performing asset; if the worst performing asset falls by up to 15%, par plus absolute value of the return of the worst performing asset; otherwise, full exposure to decline of the least performing asset
|
| Initial levels: | 3,467.6 for Stoxx and $70.35 for ETF
|
| Barrier levels: | 2,947.46 for Stoxx and $59.798 for ETF; 85% of initial levels
|
| Pricing date: | Nov. 20
|
| Settlement date: | Nov. 25
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 17328Y2P8
|
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