By Wendy Van Sickle
Columbus, Ohio, Sept. 6 – Citigroup Global Markets Holdings Inc. priced $11.16 million of 0% dual directional trigger Performance Leveraged Upside Securities due Dec. 5, 2023 linked to the iShares Russell 1000 Growth ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above its initial level, the payout at maturity will be par of $10 plus 150% of the gain, up to a maximum return of 13%.
If the fund 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.
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| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional trigger Performance Leveraged Upside Securities
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| Underlying ETF: | iShares Russell 1000 Growth ETF
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| Amount: | $11.16 million
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| Maturity: | Dec. 5, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 150% of any fund gain, up to a maximum return of 13%; if fund falls by up to 20%, par plus the absolute value of the return; otherwise, investors will be fully exposed to any losses
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| Initial price: | $233.71
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| Trigger value: | $186.968; 80% of initial level
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
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| Agent: | Citigroup Global Markets Inc.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25%
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| Cusip: | 17330N617
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