By Marisa Wong
Morgantown, W.Va., July 5 – Citigroup Global Markets Holdings Inc. priced $725,200 of 0% trigger gears due June 30, 2021 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 greater than zero, the payout at maturity will be par of $10 plus 1.7 times the ETF return. Investors will receive par if the ETF declines by 25% or less and be fully exposed to the ETF’s decline from its initial level if it declines by more than 25%.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Trigger gears
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| Underlying ETF: | iShares MSCI EAFE ETF
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| Amount: | $725,200
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| Maturity: | June 30, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.7 times any fund gain; par if fund declines by 25% or less; full exposure to losses if index falls beyond 25%
|
| Initial level: | $52.64
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| Downside threshold: | $39.48, 75% of initial level
|
| Pricing date: | June 27
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| Settlement date: | June 30
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 0.5%
|
| Cusip: | 17324P263
|
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