By Marisa Wong
Morgantown, W.Va., July 21 – Citigroup Global Markets Holdings Inc. priced $2.85 million of contingent income Performance Leveraged Upside Securities due Jan. 5, 2022 linked to the Alerian MLP exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Each quarter, the notes will pay a contingent coupon at a rate of 6.5% per year if the fund closes at or above its initial share price on the valuation date for that quarter.
The payout at maturity will be par of $10 plus 200% of any fund gain.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Contingent income Performance Leveraged Upside Securities
|
| Underlying ETF: | Alerian MLP ETF
|
| Amount: | $2,845,000
|
| Maturity: | Jan. 5, 2022
|
| Coupon: | 6.5% per year, payable each quarter that fund closes at or above its initial share price on the valuation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par of $10 plus 200% of any fund gain; full exposure to any losses
|
| Initial price: | $11.96
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 17325K461
|
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