Chicago, Sept. 27 – Citigroup Global Markets Holdings Inc. priced $647,000 of 0% dual directional buffer securities due Aug. 8, 2024 linked to the worst performing of the Euro Stoxx 50 index and iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout will be par plus 157.5% of the worst performing asset return.
The payout will be par plus the absolute value of the worst performing asset return if the worst performing asset declines but ends above the 90% buffer level.
Investors will lose 1% for every 1% that the worst performing asset declines beyond the 10% buffer.
The securities are non-callable.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional buffer securities
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| Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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| Amount: | $647,000
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| Maturity: | Aug. 8, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing asset gains par plus 157.5% of worst performing asset return; par plus absolute value of worst performing asset return if worst performing asset declines but ends above buffer level; 1% loss for every 1% that worst performing asset declines beyond buffer
|
| Upside leverage: | 157.5%
|
| Cap: | None
|
| Buffer: | 10%
|
| Call: | Non-callable
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| Initial levels: | 4,141.02 for Stoxx, $75.89 for ETF
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| Buffer levels: | 3,726.918 for Stoxx, $68.301 for ETF; 90% of initial levels
|
| Pricing date: | Feb. 3
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| Settlement date: | Feb. 8
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.9%
|
| Cusip: | 17330A3V2
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