By Kiku Steinfeld
Chicago, May 24 – Citigroup Global Markets Holdings Inc. priced $726,000 of 0% barrier securities due May 5, 2026 linked to the worst performing of the Euro Stoxx 50 index 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 final level of the worse performing asset is greater than or equal to its initial level, the payout at maturity will be par plus 2.12 times the return of that asset.
If the final level of the worse performing asset is less than its initial level but greater than or equal to its 65% barrier level, the payout will be par.
If the final level of the worse performing asset is less than the 65% barrier level, investors will be fully exposed to the decline of the worse 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: | Barrier securities
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Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ET
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Amount: | $726,000
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Maturity: | May 5, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final level of the worse performing asset is greater than or equal to its initial level, par plus 2.12 times the return of that asset; if the final level of the worse performing asset is less than its initial level but greater than or equal to its barrier level, par; otherwise, full exposure to the decline of the worse performing asset
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Initial levels: | 3,974.74 for index, $78.11 for ETF
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Barrier levels: | 2,583.581 for index, $50.772 for ETF; 65% of initial levels
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Pricing date: | April 30
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Settlement date: | May 5
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17329FH98
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