By Marisa Wong
Morgantown, W.Va., May 22 – Citigroup Global Markets Holdings Inc. priced $14.02 million of 0% trigger jump securities due May 5, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the index return and a fixed return of 31.5%.
Investors will receive par if the index falls by up to 10% and will be fully exposed to the decline from the initial level if the index falls by more than 10%.
Citigroup Global Markets Inc. is the agent, with Morgan Stanley Wealth Management as dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger jump securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $14,022,800
|
| Maturity: | May 5, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index gains, par plus greater of return and 31.5%; par if the index falls by up to 10%; otherwise, full exposure to the decline from the initial level if the index falls by more than 10%
|
| Initial level: | 3,514.62
|
| Trigger level: | 3,163.158, 90% of initial level
|
| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Agent: | Citigroup Global Markets Inc.
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 17326W613
|
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