By Sarah Lizee
Olympia, Wash., Feb. 28 – Citigroup Global Markets Holdings Inc. priced $4.8 million of 0% barrier securities due Feb. 26, 2030 linked to the Euro Stoxx Banks 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 200% of any index gain. If the index falls by up to 40%, the payout will be par. Otherwise, investors will be fully exposed to the index decline.
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: | Barrier securities
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Underlying index: | Euro Stoxx Banks index
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Amount: | $4.8 million
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Maturity: | Feb. 26, 2030
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain; par if index falls by up to 40%; otherwise, full exposure to losses
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Initial level: | 98.44
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Barrier level: | 59.064, 60% of initial level
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Pricing date: | Feb. 21
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Settlement date: | Feb. 26
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 4.5%
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Cusip: | 17328V2M1
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