By William Gullotti
Buffalo, N.Y., Aug. 6 – Citigroup Global Markets Holdings Inc. priced $1.52 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 4, 2025 linked a weighted ETF basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR Dow Jones Industrial Average ETF Trust with a 50% weight, the SPDR S&P MidCap 400 ETF Trust with a 30% weight and the iShares Russell 2000 ETF with a 20% weight.
The payout at maturity will be par plus 1.1 times any gain in the basket, capped at a maximum return of par plus 25%.
If the basket falls by up to 10%, the payout will be par.
Investors will lose 1% for every 1% decline of the basket beyond the 10% buffer.
The notes are guaranteed by Citigroup Inc.
Wells Fargo Securities LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying basket: | SPDR Dow Jones Industrial Average ETF Trust (50% weight), SPDR S&P MidCap 400 ETF Trust (30% weight), iShares Russell 2000 ETF (20% weight)
|
| Amount: | $1,520,000
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| Maturity: | Aug. 4, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.1 times any basket gain, capped at $1,250 per security; if basket falls by up to 10%, par; otherwise, 1% loss for every 1% decline of basket beyond 10% buffer
|
| Initial levels: | $349.48 for Dow ETF Trust, $492.40 for MidCap 400 Trust, $221.05 for iShares
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| Buffer level: | 90% of initial level
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| Pricing date: | July 30
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| Settlement date: | Aug. 4
|
| Agent: | Wells Fargo Securities LLC and Citigroup Global Markets Inc.
|
| Fees: | 3.82%
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| Cusip: | 17329QXA3
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