New York, Jan. 30 – Citigroup Inc. priced $1.52 million of 0% buffer securities due Jan. 30, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final fund level is greater than the initial level, the payout at maturity will be par plus the return.
Investors will receive par if the fund declines by up to 25% and will participate in any decline beyond 25%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Buffer securities
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| Underlying fund: iShares MSCI EAFE exchange-traded fund
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| Amount: | $1.52 million
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| Maturity: | Jan. 30, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final fund level is greater than initial level, par plus fund return; par if fund declines by 25% or less; 1% loss for every 1% decline beyond 25%
|
| Initial level: | $62.29
|
| Pricing date: | Jan. 27
|
| Settlement date: | Jan. 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 1730T03U1
|
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