By Kiku Steinfeld
Chicago, Sept. 18 – Citigroup Global Markets Holdings Inc. priced $560,000 of 0% barrier securities due Sept. 16, 2024 linked to the worst performing of the SPDR S&P 500 ETF trust and iShares Russell 2000 ETF, 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 1.25 times the return of the worst performing ETF if it finishes above its initial value.
If the worst performer finishes flat or declines by up to 40%, the payout will be par.
If the worst performer falls by more than 40%, investors will be fully exposed to the decline of that ETF.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Barrier securities
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| Underlying ETFs: | SPDR S&P 500 ETF trust and iShares Russell 2000 ETF
|
| Amount: | $560,000
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| Maturity: | Sept. 16, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any gain in worst performing ETF; par if worst performer finishes flat or falls by up to 40%; otherwise full exposure to decline of worst performer
|
| Initial values: | $149.15 for Russell, $334.06 for ETF trust
|
| Barrier values: | $89.490 for Russell, $200.436 for ETF trust; 60% of initial values
|
| Pricing date: | Sept. 11
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| Settlement date: | Sept. 16
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.85%
|
| Cusip: | 17328WFP8
|
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