New York, April 1 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% enhanced trigger jump securities due April 24, 2025 linked to the common stock of Caterpillar Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above the 80% downside threshold, the payout at maturity will be par plus 13%.
Otherwise, investors will lose 1% for every 1% that the stock declines from its initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management will act as distributor.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Enhanced trigger jump securities
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| Underlying stock: | Caterpillar Inc.
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| Amount: | $1 million
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| Maturity: | April 24, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above downside threshold level, par plus 13%; otherwise, 1% loss for every 1% that stock declines from initial level
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| Initial level: | $356.45
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| Upside payment: | 13%
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| Downside threshold: | $285.16, 80% of initial level
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| Pricing date: | March 20
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| Settlement date: | March 25
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| Agent: | Citigroup Global Markets Inc.
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| Distributor: | Morgan Stanley Wealth Management
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| Fees: | 2.25%
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| Cusip: | 17331AZP9
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