By Marisa Wong
Los Angeles, Nov. 2 – Citigroup Global Markets Holdings Inc. priced $210,000 of 0% buffer securities due Oct. 31, 2024 linked to the iShares ESG Aware MSCI USA exchange-traded fund, 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 any ETF gain, capped at par plus 24%.
Investors will receive par if the ETF falls by up to 20%.
If the ETF falls by more than 20%, investors will lose 1% for every 1% ETF decline beyond 20%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
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| Underlying ETF: | iShares ESG Aware MSCI USA ETF
|
| Amount: | $210,000
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| Maturity: | Oct. 31, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any ETF gain, capped at par plus 24%; par if the ETF falls by up to 20%; otherwise, 1% loss for every 1% ETF decline beyond 20%
|
| Initial value: | $77.24
|
| Buffer value: | $61.792, 80% of initial value
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 30
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17328WXD5
|
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