By Wendy Van Sickle
Columbus, Ohio, Sept. 14 – Citigroup Global Markets Holdings Inc. priced $550,000 of 0% dual directional barrier securities due Sept. 25, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index finishes at or above the initial level, the payout at maturity will be par plus the index return up to a maximum payout of par plus 16.1%.
If the index falls by up to its 83.9% barrier level, the payout at maturity will be par plus the absolute value of the index return.
If the index falls by more than 16.1%, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Dual directional barrier securities
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Underlying index: | Euro Stoxx 50
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Amount: | $550,000
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Maturity: | Sept. 25, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, plus return up to a maximum payout of par plus 16.1%; if index falls by up to 16.1%, par plus absolute return; otherwise, 1% loss per 1% decline
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Initial level: | 3,293.36
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Barrier level: | 2,763.129, 83.9% of initial level
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Pricing date: | Sept. 7
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Settlement date: | Sept. 12
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17326YYY6
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