By Marisa Wong
Morgantown, W.Va., July 18 – Citigroup Global Markets Holdings Inc. priced $728,000 of 0% market-linked notes due July 3, 2023 linked to an equally weighted basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the S&P 500 index, the Euro Stoxx 50 index and the iShares iBoxx $ High Yield Corporate Bond ETF.
The payout at maturity will be par plus 125% of any basket gain.
If the basket falls, the payout will be par.
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: | Market-linked notes
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Underlying basket: | S&P 500 index, Euro Stoxx 50 index and iShares iBoxx $ High Yield Corporate Bond ETF; equally weighted
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Amount: | $728,000
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Maturity: | July 3, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.25 times any basket gain; if basket finishes flat or falls, par
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Initial level: | 2,716.31 for S&P, 3,365.52 for Stoxx and $85.28 for iBoxx ETF
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Pricing date: | June 28
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Settlement date: | July 3
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2.5%
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Cusip: | 17324CV78
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