Chicago, Feb. 9 – Citigroup Global Markets Holdings Inc. priced $5.89 million of 0% buffered Performance Leveraged Upside Securities due Nov. 3, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum payout of par of $10 plus $2.20 per note.
Investors will receive par if the index declines up to 10% and will be exposed to any losses beyond the 10% buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5,894,010
|
| Maturity: | Nov. 3, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 200% of index return, capped at par plus 22%; par if index falls by up to 10%; exposure to any losses beyond the 10% buffer
|
| Initial index level: | 4,032.99
|
| Buffer level: | 90% of initial level
|
| Pricing date: | April 16
|
| Settlement date: | April 21
|
| Agent: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 17329B772
|
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