By Taylor Fox
Chicago, July 29 – Citigroup Global Markets Holdings Inc. priced $3.18 million of 0% buffer securities due July 28, 2022 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.
The payout at maturity will be par plus 150% of any ETF gain, up to a maximum payout of par plus 19.05%.
Investors will receive par if the ETF falls by up to 17.5% and will lose 1% per 1% drop beyond 17.5%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffer securities
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| Underlying ETF: | iShares MSCI EAFE ETF
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| Amount: | $3,175,000
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| Maturity: | July 28, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any ETF gain, capped at par plus 19.05%; par if the ETF falls by up to 17.5%; 1% loss per 1% drop beyond 17.5%
|
| Initial price: | $63.61
|
| Buffer price: | $52.47825, 82.5% of initial price
|
| Strike date: | July 23
|
| Pricing date: | July 24
|
| Settlement date: | July 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17328WCY2
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