By Kiku Steinfeld
Chicago, July 29 – Citigroup Global Markets Holdings Inc. priced $2.45 million of 0% Performance Leveraged Upside Securities due Aug. 19, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final index level is greater than the initial level, the payout at maturity will be par of $10 plus three times the index return, subject to a maximum return of 10.1%.
The payout will be par if the index falls flat.
Otherwise, investors will be exposed to all losses.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is a selected dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $2,449,000
|
| Maturity: | Aug. 19, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the final index level is greater than the initial level, par plus three times the index return, subject to a maximum return of 10.1%; par if index falls flat; full exposure to losses
|
| Initial level: | 4,327.16
|
| Pricing date: | July 16
|
| Settlement date: | July 21
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Selected dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 17329L184
|
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