By Wendy Van Sickle
Columbus, Ohio, Sept. 15 – Citigroup Global Markets Holdings Inc. priced $525,000 of 0% dual directional barrier securities due Sept. 9, 2025 linked to the SPDR S&P 500 ETF trust and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the worst performing asset finishes at or above its initial level, the payout at maturity will be par plus 200% of the return of the least performing asset.
If the worst performing asset falls by up to 34.5%, the payout will be par plus the absolute value of the return of the worst performing asset.
Otherwise, investors will be fully exposed to the decline of the least performing asset.
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: | Dual directional barrier securities
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| Underlying assets: | SPDR S&P 500 ETF trust and iShares MSCI EAFE ETF
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| Amount: | $525,000
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| Maturity: | Sept. 9, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the worst performing asset finishes at or above its initial level, par plus 200% of return of the least performing asset; if the worst performing asset falls by up to barrier level, par plus the absolute value of the return of the worst performing asset; otherwise, full exposure to decline of the least performing asset
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| Initial levels: | $342.597 for S&P, $64.52 for EAFE
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| Barrier levels: | $224.383 for S&P, $42.261 for ETF, 65.5% of initial levels
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| Pricing date: | Sept. 4
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| Settlement date: | Sept. 10
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324XW30
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