New Issue: Citigroup prices $1.7 million trigger PLUS tied to MSCI Europe

By Wendy Van Sickle

Columbus, Ohio, July 24 – Citigroup Global Markets Holdings Inc. priced $1.7 million of 0% trigger Performance Leveraged Upside Securities due Aug. 5, 2025 linked to the MSCI Europe index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 108.5% of the index return. If the index declines by 50% or less, the payout will be par. If the index declines by more than 50%, investors will lose 1% for every 1% that the index declines from its initial level.

Citigroup Global Markets Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	MSCI Europe
Amount:	$1,700,570
Maturity:	Aug. 5, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than initial index level, par plus 108.5% of the index gain; if final index level is less than initial index level but greater than or equal to trigger level, par; if final index level is less than trigger level, 1% loss for every 1% that index declines from initial level
Initial index level:	123.99
Trigger level:	61.995, 50% of initial level
Pricing date:	July 17
Settlement date:	July 22
Agent:	Citigroup Global Markets Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	3.5%
Cusip:	17327Y451

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