New York, Dec. 7 – Citigroup Global Markets Holdings Inc. priced $5.76 million of 0% Buffered PLUS due June 4, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of par plus 42%.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Buffered PLUS
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| Underlying index: | Russell 2000 index
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| Amount: | $5,756,100
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| Maturity: | June 4, 2025
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is positive, par plus 150% of index return, subject to a maximum return of par plus 42%; par if index declines by 10% or less; otherwise, 1% loss for every 1% that index declines beyond 10%
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| Initial level: | 1,886.577
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| Buffer: | 10%
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| Upside leverage: | 150%
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| Cap: | 42%
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
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| Agent: | Citigroup Global Markets Inc.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 3% including a structuring fee of 0.5%
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| Cusip: | 17330X813
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