By William Gullotti
Buffalo, N.Y., Feb. 17 – Citigroup Global Markets Holdings Inc. priced $4.57 million of 0% trigger jump securities due March 5, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes at or above the initial level, the payout at maturity will be the greater of par plus 35% and par plus the index return.
Investors will receive par if the index falls by up to 10% and will be fully exposed to the decline from the initial level if the index falls by more than 10%.
Citigroup Global Markets Inc. is the agent, with Morgan Stanley Wealth Management as dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger jump securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $4,569,430
|
| Maturity: | March 5, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes flat or gains, the greater of par plus 35% and par plus the index return; par if the index falls by up to 10%; otherwise, full exposure to index decline from its initial level
|
| Initial level: | 4,155.23
|
| Trigger level: | 3,739.707; 90% of initial level
|
| Pricing date: | Feb. 11
|
| Settlement date: | Feb. 16
|
| Agent: | Citigroup Global Markets Inc.
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 17330L561
|
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