By Sarah Lizee
Olympia, Wash., March 12 – Citigroup Global Markets Holdings Inc. priced $2.29 million of 0% Performance Leveraged Upside Securities due June 3, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup, Inc.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 13.5%.
If the final index level is less than the initial index level, investors will be fully exposed to the decline.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is acting as a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $2,287,050
|
| Maturity: | June 3, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 300% of index return, subject to a maximum return of 13.5%; full exposure to decline
|
| Initial level: | 1,476.431
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 4
|
| Agent: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 17327U343
|
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