New Issue: Citigroup prices $8.55 million buffered PLUS linked to an equally-weighted basket

By William Gullotti

Buffalo, N.Y., Feb. 21 – Citigroup Global Markets Holdings Inc. priced $8.55 million of 0% buffered Performance Leveraged Upside Securities due Aug. 19, 2025 linked to an equally-weighted basket of underliers, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the Euro Stoxx 50 index, the iShares MSCI Emerging Markets ETF and the Russell 2000 index.

The payout at maturity will be par plus 200% of any basket gain, up to a maximum payout of par plus 30%.

Investors will receive par for losses up to 10% and will lose 1% for every 1% that the basket declines beyond 10%.

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.
Issue:	Buffered Performance Leveraged Upside Securities
Underlying assets:	Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF, Russell 2000 index; equal weights
Amount:	$8,551,650
Maturity date:	Aug. 19, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any basket gain, subject to cap of 30%; par for losses up to 10%; otherwise, 1% loss for every 1% drop beyond 10%
Initial levels:	$40.45 for ETF, 4,238.76 for Stoxx, 1,939.912 for Russell
Buffer level:	90% of initial level
Pricing date:	Feb. 14
Settlement date:	Feb. 17
Underwriter:	Citigroup Global Markets Inc.
Dealer:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	17331D402

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