By Wendy Van Sickle
Columbus, Ohio, June 6 – Citigroup Global Markets Holdings Inc. priced $10.74 million of 0% dual directional trigger Performance Leveraged Upside Securities due June 5, 2024 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes above its initial level, the payout at maturity will be par of $10 plus 200% of the gain, up to a maximum return of 38.5%.
If the stock falls by up to 20%, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management as the dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying stock: | Apple Inc.
|
| Amount: | $10,738,300
|
| Maturity: | June 5, 2024
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any stock gain, up to a maximum return of 38.5%; if stock falls by up to 20%, par plus the absolute value of the return; otherwise, full exposure to loss
|
| Initial level: | $148.84
|
| Trigger value: | $119.072; 80% of initial level
|
| Pricing date: | May 31
|
| Settlement date: | June 3
|
| Agent: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 17330M882
|
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