By Sarah Lizee
Olympia, Wash., March 27 – Citigroup Global Markets Holdings Inc. priced $4.02 million 0% buffered digital notes due Aug. 28, 2020 linked to a basket of the iShares China Large-Cap ETF with a 50% weight, the WisdomTree India Earnings fund with a 25% weight and the iShares MSCI United Kingdom ETF with a 25% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket finishes at or above 85% of its initial level, the payout at maturity will be par plus 8.3%.
Otherwise, investors will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffered digital securities
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| Underlying assets: | iShares China Large-Cap ETF (50% weight), WisdomTree India Earnings fund (25% weight) and iShares MSCI United Kingdom ETF (25% weight)
|
| Amount: | $4.02 million
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| Maturity: | Aug. 28, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the basket finishes at or above 85% of its initial level, par plus 8.3%; otherwise, 1% loss for each 1% decline beyond the buffer
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| Initial levels: | $43.50 for iShares China, $25.86 for WisdomTree, $32.91 for MSCI U.K.
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| Pricing date: | March 25
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| Settlement date: | March 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.25%
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| Cusip: | 17326YDK9
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