By William Gullotti
Buffalo, N.Y., April 8 – Citigroup Global Markets Holdings Inc. priced $899,870 of 0% Performance Leveraged Upside Securities due July 6, 2023 linked to the Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the ETF finishes at or above its initial level, the payout at maturity will be par of $10 plus triple the ETF return, subject to a maximum return of par plus 20%.
Otherwise, investors will be fully exposed to the decline of the ETF from its initial level.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is a selected dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Performance Leveraged Upside Securities
|
| Underlying fund: | Financial Select Sector SPDR Fund
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| Amount: | $899,870
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| Maturity: | July 6, 2023
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | If the ETF finishes at or above initial level, par plus three times ETF return, subject to a maximum return of par plus 20%; full exposure to any losses
|
| Initial level: | $38.32
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Selected dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 17330L603
|
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