By Sarah Lizee
Olympia, Wash., May 14 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% buffered digital plus securities due Nov. 16, 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.
If the final ETF level is greater than or equal to 85% of the initial level, the payout at maturity will be par plus the greater of the digital return amount of 5% and the ETF return, capped at par plus 14.75%.
If the ETF falls by more than 15%, investors will be exposed to any losses beyond the 15% buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered digital plus securities
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $1 million
|
| Maturity: | Nov. 16, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final ETF level is greater than or equal to 85% of the initial level, par plus the greater of the digital return amount of 5% and the ETF return, capped at par plus 14.75%; if the ETF falls by more than 15%, exposure to any losses beyond the 15% buffer
|
| Initial level: | $41.98
|
| Buffer level: | $35.683, 85% of initial level
|
| Pricing date: | May 10
|
| Settlement date: | May 15
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 17326YJ98
|
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