By William Gullotti
Buffalo, N.Y., July 18 – Citigroup Global Markets Holdings Inc. priced $4.41 million of 0% outperformance jump securities due July 10, 2024 linked to the performance of the Invesco S&P 500 Equal Weight ETF relative to the SPDR S&P 500 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
The guarantor is Citigroup Inc.
If the Equal Weight return is greater than or equal to the SPDR S&P 500 return, the payout at maturity will be par plus 12.5%.
If the Equal Weight return is less than the SPDR S&P 500 return, the payout will be equal to the outperformance return, which is the Equal Weight return minus the SPDR S&P 500 return. In this case, the payout will be less than par.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Outperformance jump securities
|
| Underlying funds: | Invesco S&P 500 Equal Weight ETF relative to the SPDR S&P 500 ETF trust
|
| Amount: | $4,409,000
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| Maturity: | July 10, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the Equal Weight return is greater than or equal to the SPDR S&P 500 return, par plus 12.5%; if the Equal Weight return is less than the SPDR S&P 500 return, Equal Weight return minus the SPDR S&P 500 return, in which case the payout will be less than par
|
| Initial prices: | $149.64 for Invesco, $443.28 for SPDR
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 17291REL2
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