By Sarah Lizee
Olympia, Wash., March 2 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% buffer securities due Aug. 29, 2022 linked to the iShares Russell 1000 Value ETF, 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 ETF gain, capped at par plus 19.35%.
Investors will receive par if the ETF falls by up to 15%.
If the ETF falls by more than 15%, investors will lose 1% for every 1% decline beyond the buffer.
Citigroup Global Markets Inc. is the agent.
| 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 ETF: | iShares Russell 1000 Value ETF
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| Amount: | $1 million
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| Maturity: | Aug. 29, 2022
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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 ETF gain, capped at par plus 19.35%; par if the ETF falls by up to buffer; otherwise 1% for every 1% decline beyond the buffer
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| Initial value: | $137.56
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| Buffer value: | $193.50, 85% of initial value
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| Pricing date: | Feb. 21
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| Settlement date: | Feb. 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
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| Cusip: | 17328VBR0
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