By Angela McDaniels
Tacoma, Wash., Feb. 19 – Citigroup Global Markets Holdings Inc. priced $4 million of 0% market-linked securities due Feb. 17, 2022 linked to the best performing of two baskets, one focusing on equities and the other focusing on bonds, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup, Inc.
The components of the equity-focused basket are the S&P 500 index, the Euro Stoxx 50 index and the Hang Seng index, each with a 20% weight, and the iShares 20+ Year Treasury Bond exchange-traded fund with a 40% weight.
The components of the bond-focused basket are the S&P 500, the Euro Stoxx 50 and the Hang Seng, each with a 13.33% weight, and the Treasury ETF with a 60% weight.
If the final level of the best-performing basket is greater than its initial level, the payout at maturity will be par plus the return of the best-performing basket.
If the final level of the best-performing basket is less than or equal to its initial level, investors will be exposed to the decline of the best-performing basket, subject to a minimum payment of $980 per $1,000 principal amount of notes.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup, Inc.
|
| Issue: | Market-linked securities
|
| Equity-focused basket: | S&P 500 index (20% weight), Euro Stoxx 50 index (20% weight), Hang Seng index (20% weight) and iShares 20+ Year Treasury Bond exchange-traded fund (40% weight)
|
| Bond-focused basket: | S&P 500 (13.33% weight), Euro Stoxx 50 (13.33% weight), Hang Seng (13.33% weight) and iShares 20+ Year Treasury Bond ETF (60% weight)
|
| Amount: | $4 million
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| Maturity: | Feb. 17, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If best-performing basket’s final level is greater than initial level, par plus best-performing basket’s return; otherwise, exposure to best-performing basket’s decline, subject to minimum payment of $980 per $1,000 principal amount of notes
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| Initial levels: | 2,745.73 for S&P 500; 3,182.66 for Euro Stoxx 50; 28,432.05 for Hang Seng; and $121.79 for Treasury ETF
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| Pricing date: | Feb. 14
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| Settlement date: | Feb. 20
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.2%
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| Cusip: | 17326YB62
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