New York, May 18 – Citigroup Global Markets Holdings Inc. priced $6.11 million of 0% PLUS due May 1, 2025 linked to the S&P 500 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 21.6%.
Investors will lose 1% for every 1% that it declines.
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: | PLUS
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Underlying index: | S&P 500 index
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Amount: | $6.11 million
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Maturity: | May 1, 2025
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Coupon: | 0%
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Price: | Par
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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 21.6%; otherwise, full exposure any index decline
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Initial level: | Lowest index closing level on any trading day between April 28 and Aug. 2, inclusive
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Upside leverage: | 150%
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Cap: | 21.6%
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Pricing date: | April 28
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Settlement date: | May 3
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Agent: | Citigroup Global Markets Inc.
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.5% including a structuring fee of 0.5%
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Cusip: | 17331HHD1
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