By Wendy Van Sickle
Columbus, Ohio, June 20 – Citigroup Global Markets Holdings Inc. priced $21.8 million of 0% notes due July 21, 2020 linked to the SPDR S&P Bank exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the ETF return is zero or positive, the payout at maturity will par plus 3 times the ETF return, subject to a 21.99% maximum gain.
Investors will be fully exposed to any decline.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Notes
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Underlying ETF: | SPDR S&P Bank ETF
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Amount: | $21.8 million
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Maturity: | July 21, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF return is zero or positive, par plus 3 times the gain up to 21.99% maximum gain; full exposure to losses
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Initial value: | $42.23
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Pricing date: | June 17
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Settlement date: | June 24
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.33%
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Cusip: | 17327TAW6
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