By Sarah Lizee
Olympia, Wash., March 13 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% barrier securities due March 11, 2022 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 index finishes at or above the initial level, the payout at maturity will be par plus 250% of the gain.
If the index falls but finishes at or above the 76% barrier level, the payout at maturity will be par.
Otherwise, the payout will be par plus the index return, with full exposure to losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1 million
|
| Maturity: | March 11, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above the initial level, par plus 250% of the gain; if the index falls but finishes at or above the 76% barrier level, par; otherwise, par plus the index return, with full exposure to losses
|
| Initial index level: | 3,283.6
|
| Barrier level: | 2,495.536, 76% of initial level
|
| Pricing date: | March 8
|
| Settlement date: | March 15
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17326YAK2
|
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