By Wendy Van Sickle
Columbus, Ohio, Aug. 17 – Citigroup Global Markets Holdings Inc. priced $6.7 million of 0% trigger Performance Leveraged Upside Securities due Aug. 14, 2025 linked to the KraneShares CSI China Internet ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup, Inc.
If the final ETF level is greater than or equal to the initial ETF level, the payout at maturity will be par of $10 plus 150% of the ETF return, subject to a cap of par plus 90%. If the ETF declines by 20% or less, the payout will be par. If the ETF declines by more than 20%, investors will lose 1% for every 1% that the ETF declines from its initial level.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying ETF: | KraneShares CSI China Internet
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| Amount: | $6.7 million
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| Maturity: | Aug. 14, 2025
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If final ETF level is greater than initial ETF level, par plus 150% of ETF return, capped at par plus 90%; if final ETF level is less than initial ETF level but greater than or equal to trigger level, par; if final ETF level is less than trigger level, 1% loss for every 1% that ETF declines from initial level
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| Initial ETF level: | $50.77
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| Trigger level: | $40.616, 80% of initial level
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| Pricing date: | Aug. 11
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| Settlement date: | Aug. 16
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| Underwriter: | Citigroup Global Markets Inc.
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| Selected dealer: | Morgan Stanley Wealth Management
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| Fees: | 3%
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| Cusip: | 17329L259
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