By Wendy Van Sickle
Columbus, Ohio, May 26 – Citigroup Global Markets Holdings Inc. priced $10.07 million of 0% Performance Leveraged Upside Securities due Aug. 24, 2023 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index gain, subject to a maximum return of 23%. If the index return is negative, investors will be fully exposed to the decline.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management as a selected dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Performance Leveraged Upside Securities
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| Underlying index: | Nasdaq-100
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| Amount: | $10.07 million
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| Maturity: | Aug. 24, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is positive, par plus 300% of index gain, subject to 23% maximum return; if index declines, full exposure to decline
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| Initial index level: | 11,835.62
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| Pricing date: | May 20
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| Settlement date: | May 25
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| Underwriter: | Citigroup Global Markets Inc.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25%
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| Cusip: | 17330M700
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