By Wendy Van Sickle
Columbus, Ohio, Jan. 19 – Citigroup Global Markets Holdings Inc. priced $2.39 million of 0% trigger Performance Leveraged Upside Securities due Jan. 23, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the fund finishes at or above its initial level, the payout at maturity will be par plus 200% of the gain, subject to a maximum return of 23%.
If the fund falls but finishes at or above the 85% trigger level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the fund from its initial level.
Citigroup Global Markets Inc. is the agent, with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $2,386,810
|
| Maturity: | Jan. 23, 2020
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund return is positive, par of $10 plus 200% of fund return, capped at $12.30 per PLUS; par if fund falls by up to 15%; 1% loss for every 1% decline from initial level if fund drops more than 15%
|
| Initial price: | $49.97
|
| Trigger level: | $42.475, 85% of the initial share price
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| Pricing date: | Jan. 17
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| Settlement date: | Jan. 22
|
| Agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.5%
|
| Cusip: | 17326E175
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