By Marisa Wong
Morgantown, W.Va., Sept. 17 – Citigroup Global Markets Holdings Inc. priced $9.06 million of 0% capped gears due Oct. 31, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 17.97%.
Investors will be fully exposed to any fund decline.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Capped gears
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Underlying ETF: | iShares MSCI Emerging Markets ETF
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Amount: | $9,057,300
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Maturity: | Oct. 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple any fund gain, up to a maximum return of 17.97%; full exposure to losses
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Initial price: | $43.83
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 17326X678
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