New York, March 24 – Citigroup Global Markets Holdings Inc. priced $6.76 million of 0% trigger jump securities due April 3, 2025 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the stock is flat or positive, the payout at maturity will be par plus 37.9%.
Investors will receive par if the stock declines but finishes at or above the 70% trigger level and will lose 1% for every 1% that the stock declines if it finishes below the trigger level.
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.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger jump securities
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| Underlying stock: | Amazon.com, Inc.
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| Amount: | $6,761,900
|
| Maturity: | April 3, 2025
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If stock return is flat or positive, par plus 37.9%; par if stock declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that stock declines from initial level
|
| Initial level: | $98.95
|
| Upside payment: | 37.9%
|
| Trigger: | $69.265, 70% of initial level
|
| Pricing date: | March 17
|
| Settlement date: | March 22
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| Agent: | Citigroup Global Markets Inc.
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5% including a structuring fee of 0.5%
|
| Cusip: | 17331D279
|
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