By Marisa Wong
Morgantown, W.Va., April 17 – Citigroup Global Markets Holdings Inc. priced $1.21 million of 0% buffer securities due April 4, 2019 linked to the Russell 2000 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 1.5 times any index gain, subject to a maximum return of 20.25%. Investors will receive par if the index falls by up to the buffer amount of 15% and will lose 1% for every 1% that the index declines beyond the buffer.
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: | Buffer securities
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Underlying index: | Russell 2000
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Amount: | $1.21 million
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Maturity: | April 4, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, return capped at 20.25%; par if the index falls by up to 15%; 1% loss for every 1% decline beyond 15% buffer
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Initial level: | 1,385.920
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Pricing date: | March 31
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Settlement date: | April 5
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Agent: | Citigroup Global Markets Inc.
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Fees: | None
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Cusip: | 17324CGN0
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