By Kiku Steinfeld
Chicago, July 28 – Citigroup Global Markets Holdings Inc. priced $2.45 million of 0% Performance Leveraged Upside Securities due Aug. 19, 2022 linked to the Russell 2000 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 return, subject to a maximum return of 14.1% per PLUS.
Investors will be exposed to the losses if the index declines.
The notes are guaranteed by Citigroup Inc.
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 index: | Russell 2000
|
| Amount: | $2,450,950
|
| Maturity: | Aug. 19, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, subject to maximum return of 14.1% per PLUS; full exposure to any decline
|
| Initial index level: | 2,163.238
|
| Pricing date: | July 16
|
| Settlement date: | July 21
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Selected dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 17329L192
|
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