By Marisa Wong
Morgantown, W.Va., March 13 – Citigroup Global Markets Holdings Inc. priced $4.62 million of 0% buffer securities due Sept. 30, 2020 linked to the SPDR S&P MidCap 400 ETF trust, 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 2 times any ETF gain, capped at par plus 16.9%.
Investors will receive par if the ETF falls by up to 10% and will lose 1% per 1% drop beyond 10%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying ETF: | SPDR S&P MidCap 400 ETF trust
|
| Amount: | $4,619,000
|
| Maturity: | Sept. 30, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any ETF gain, capped at par plus 16.9%; par if the ETF falls by up to 10%; 1% loss per 1% drop beyond 10%
|
| Initial value: | $348.22
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17326YNX0
|
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