By Marisa Wong
Morgantown, W.Va., Nov. 15 – Citigroup Global Markets Holdings Inc. priced $8.66 million of 0% contingent buffered notes due May 15, 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.
The payout at maturity will be par plus any index gain.
If the index finishes at or above the 69.85% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the index decline.
Citigroup Global Markets Inc. is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Contingent buffered notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $8,655,000
|
| Maturity: | May 15, 2019
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus any index gain; par if index falls by up to 30.15%; otherwise, full exposure to losses
|
| Initial value: | 3,593.76
|
| Barrier level: | 2,510.241, 69.85% of initial value
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 15
|
| Underwriter: | Citigroup Global Markets Inc. with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
|
| Fees: | 1.25%
|
| Cusip: | 17324CP91
|
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