By Wendy Van Sickle
Columbus, Ohio, April 3 – Citigroup Global Markets Holdings Inc. priced sells $1 million of 0% buffer securities due March 31, 2025 linked to the iShares MSCI EAFE 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 128% of any ETF gain.
Investors will receive par if the ETF falls by up to 20% and will lose 1% per 1% drop beyond 20%.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Buffer securities
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Underlying ETF: | iShares MSCI EAFE ETF
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Amount: | $1 million
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Maturity: | March 31, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 128% of any ETF gain; par if the ETF falls by up to 20%; 1% loss per 1% drop beyond 20%
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Initial ETF level: | $52.86
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Buffer level: | $42.288, 80% of initial level
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Pricing date: | March 26
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Settlement date: | March 31
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3.5%
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Cusip: | 17328VDX5
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