By William Gullotti
Buffalo, N.Y., June 16 – Citigroup Global Markets Holdings Inc. priced $4.5 million of 0% market-linked notes due June 15, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus any index gain, subject to a maximum return of par plus 34%. Otherwise, investors will receive par.
Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $4.5 million
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| Maturity: | June 15, 2026
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus any index gain capped at 34%; otherwise, par
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| Initial level: | 3,900.86
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| Pricing date: | June 10
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| Settlement date: | June 15
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| Underwriter: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management handling distribution
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| Fees: | 1.65%
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| Cusip: | 17330N138
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