By William Gullotti
Buffalo, N.Y., July 25 – Citigroup Global Markets Holdings Inc. priced $250,000 of 0% barrier securities due Jan. 10, 2024 linked to the worst performing of the iShares MSCI Japan ETF and the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final level of the worse performing ETF is greater than or equal to its initial level, the payout at maturity will be par plus 147.5% of the return of that ETF.
If the final level of the worse performing ETF is less than its initial level but greater than or equal to its 80% barrier level, the payout will be par.
If the final level of the worse performing ETF is less than the 80% barrier level, investors will be fully exposed to the decline of the worse performing ETF.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Barrier securities
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| Underlying funds: | iShares MSCI Japan ETF, WisdomTree Japan Hedged Equity fund
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| Amount: | $250,000
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| Maturity: | Jan. 10, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final level of the worse performing ETF is greater than or equal to its initial level, par plus 147.5% of the return of that ETF; if the final level of the worse performing ETF is less than its initial level but greater than or equal to its barrier level, par; otherwise, full exposure to the decline of the worse performing ETF
|
| Initial levels: | $67.91 for iShares, $64.37 for WisdomTree
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| Barrier levels: | $54.328 for iShares, $51.496 for WisdomTree; 80% of initial levels
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| Strike date: | Jan. 4
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| Pricing date: | Jan. 5
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| Settlement date: | Jan. 10
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.4%
|
| Cusip: | 17329UVW8
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