By Marisa Wong
Morgantown, W.Va., July 20 – Citigroup Global Markets Holdings Inc. priced $1.08 million of 0% geared buffer securities due Jan. 24, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final index level is greater than the initial level, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 25.15%. Investors will receive par if the index declines by up to 20% and will lose 1.25% for every 1% that it declines beyond 20%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Geared buffer securities
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $1,075,000
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| Maturity: | Jan. 24, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 150% of index return if index return is positive, subject to 25.15% cap; par if index declines by up to 20%; 1.25% loss for every 1% that index declines beyond 20%
|
| Initial index level: | 2,949.17
|
| Pricing date: | July 18
|
| Settlement date: | July 21
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17324C6W1
|
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