By Susanna Moon
Chicago, Oct. 5 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% capped trigger gears due Sept. 30, 2020 linked to the iShares MSCI Emerging Markets 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 double any fund gain, up to a maximum gain of 36%.
If the fund finishes falls by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
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: | Capped trigger gears
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| Underlying fund: | iShares MSCI Emerging Markets ETF
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| Amount: | $1,003,000
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| Maturity: | Sept. 30, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus double any fund gain, capped at 36%; if fund falls by up to 30%, par; otherwise, investors will lose 1% for each 1% decline
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| Initial level: | $44.49
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| Downside threshold: | $31.143, 70% of initial level
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| Pricing date: | Sept. 26
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| Settlement date: | Sept. 29
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | None
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| Cusip: | 17325K248
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