By William Gullotti
Buffalo, N.Y., Feb. 7 – Citigroup Global Markets Holdings Inc. priced $3.37 million of 0% Performance Leveraged Upside Securities due March 3, 2023 linked to an equally-weighted basket of ETFs, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup, Inc.
The basket consists of the of the Financial Select Sector SPDR Fund, the Health Care Select Sector SPDR Fund, the Industrial Select Sector SPDR Fund and the Technology Select Sector SPDR Fund.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus 300% of the basket return, subject to a maximum payout of par plus 13.5%.
Investors will be fully exposed to any basket decline.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying funds: | Financial Select Sector SPDR Fund, Health Care Select Sector SPDR Fund, Industrial Select Sector SPDR Fund, Technology Select Sector SPDR Fund; 25% weight each
|
| Amount: | $3,370,500
|
| Maturity: | March 3, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final basket level is greater than initial level, par plus 300% of basket return capped at 13.5%; otherwise, 1% loss for every 1% that basket declines from initial level
|
| Initial index levels: | $39.06 for Financial, $131.23 for Health Car, $100.74 for Industrial, $161.97 for Technology
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 3
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Selected dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 17330L546
|
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