By Kiku Steinfeld
Chicago, Oct. 14 – Citigroup Global Markets Holdings Inc. priced $1.25 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due April 5, 2024 linked to an ETF basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the SPDR S&P MidCap 400 ETF trust (30% weight), SPDR Dow Jones industrial average ETF trust (50% weight) and iShares Russell 2000 ETF (20% weight).
The payout at maturity will be par plus 125% of any basket gain, subject to a 25% maximum gain.
Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying basket: | SPDR S&P MidCap 400 ETF trust (30% weight), SPDR Dow Jones industrial average ETF trust (50% weight) and iShares Russell 2000 ETF (20% weight)
|
| Amount: | $1,251,000
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| Maturity: | April 5, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any basket gain, subject to 25% maximum gain; par if the basket falls by up to 10%; 1% loss for every 1% decline beyond buffer
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| Initial levels: | $277.50 for Dow, $338.83 for S&P and $149.79 for Russell ETF
|
| Buffer levels: | 90% of initial levels
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 3.09%
|
| Cusip: | 17324XW97
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