By Kiku Steinfeld
Chicago, Feb. 14 – Citigroup Global Markets Holdings Inc. priced $584,000 of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 3, 2025 linked to an ETF basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the SPDR S&P MidCap 400 ETF trust (30% weight), SPDR Dow Jones industrial average ETF trust (50% weight) and iShares Russell 2000 ETF (20% weight).
The payout at maturity will be par plus 110% of any basket gain, subject to a 24% maximum gain.
Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying basket: | SPDR S&P MidCap 400 ETF trust (30% weight), SPDR Dow Jones industrial average ETF trust (50% weight) and iShares Russell 2000 ETF (20% weight)
|
| Amount: | $584,000
|
| Maturity: | Sept. 3, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 110% of any basket gain, subject to 24% maximum gain; par if the basket falls by up to 10%; 1% loss for every 1% decline beyond buffer
|
| Initial levels: | $353.92 for Dow, $502.28 for S&P and $225.92 for Russell
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 3
|
| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
|
| Fees: | 3.81%
|
| Cusip: | 17324XW97
|
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