By Marisa Wong
Morgantown, W.Va., Feb. 8 – Citigroup Global Markets Holdings Inc. priced $2.86 million of 0% buffer securities due Jan. 29, 2021 linked to the SPDR S&P MidCap 400 ETF trust, 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 200% of any ETF gain, capped at par plus 23.25%.
If the ETF falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond the 10% buffer.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying ETF: | SPDR S&P MidCap 400 ETF trust
|
| Amount: | $2,859,000
|
| Maturity: | Jan. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any ETF gain, capped at par plus 23.25%; par if ETF falls by up to 10%; otherwise, 1% loss for every 1% decline beyond the 10% buffer
|
| Initial value: | $339.53
|
| Buffer value: | $305.577, 90% of initial value
|
| Pricing date: | Feb. 5
|
| Settlement date: | Feb. 8
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17326YQY5
|
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