By Wendy Van Sickle
Columbus, Ohio, May 31 – Citigroup Global Markets Holdings Inc. priced $3.43 million of 0% market-linked notes due May 29, 2020 linked to the iStoxx Europe Economic Growth Select 50 index, 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 150% of any index gain. If the index falls, the payout will be par plus the index return, subject to a floor of 90% of par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | iStoxx Europe Economic Growth Select 50 index
|
| Amount: | $3,427,000
|
| Maturity: | May 29, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain; exposure to losses of up to 10%
|
| Initial level: | 103.1
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.75%
|
| Cusip: | 17324CUP9
|
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