By Marisa Wong
Los Angeles, April 22 – Citigroup Global Markets Holdings Inc. priced $2,798,850 of 0% trigger gears due March 31, 2025 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the ETF return is positive, the payout at maturity will be par plus 2.05 times the ETF gain.
If the ETF finishes at or below the initial level but at or above the downside threshold, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the ETF decline.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger gears
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| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $2,798,850
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| Maturity: | March 31, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 2.05 times any ETF gain; par if ETF finishes at or below the initial level but at or above downside threshold; otherwise, full exposure to ETF decline
|
| Initial value: | $55.57
|
| Downside threshold: | $41.68, 75% of initial value
|
| Pricing date: | April 9
|
| Settlement date: | April 16
|
| Underwriter: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 17327U657
|
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