By Angela McDaniels
Tacoma, Wash., May 21 – Citigroup Global Markets Holdings Inc. priced $2.38 million of 0% inverse buffered Performance Leveraged Upside Securities due Nov. 20, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket is comprised of the S&P 500 index with a 40% weight, the Nasdaq-100 index with a 40% weight and the MSCI World index with a 20% weight.
If the final basket level is less than the initial basket level, the payout at maturity will be par of $10 plus 3% for every 1% that the basket declines, subject to a maximum return of 13.3%.
If the final basket level is equal to the initial basket level or greater than the initial basket level by no more than 10%, the payout will be par.
If the final basket level is greater than the initial basket level by more than 10%, investors will lose 1% for every 1% that the basket advances beyond 10%.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Inverse buffered Performance Leveraged Upside Securities
|
| Underlying indexes: | S&P 500 (40% weight), Nasdaq-100 (40% weight) and MSCI World (20% weight)
|
| Amount: | $2.38 million
|
| Maturity: | Nov. 20, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final basket level is less than initial basket level, par plus 3% for every 1% that basket declines, subject to maximum return of 13.3%; if final basket level is equal to initial basket level or greater than initial basket level by no more than 10%, par; if final basket level is greater than initial basket level by more than 10%, 1% loss for every 1% that basket advances beyond 10%
|
| Initial levels: | 2,859.53 for S&P 500, 7,503.68 for Nasdaq-100 and 2,116.51 for MSCI World
|
| Pricing date: | May 17
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| Settlement date: | May 22
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| Underwriter: | Citigroup Global Markets Inc.
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| Selected dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 17326W159
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