By Wendy Van Sickle
Columbus, Ohio, March 22 – Citigroup Global Markets Holdings Inc. priced $17.3 million of 0% dual directional trigger participation securities due July 6, 2023 linked to the Nasdaq-100 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 the index return, capped at par plus 17.85%.
If the index declines by 15% or less, the payout will be par plus the absolute value of the index return.
If the index declines by more than 15%, investors will lose 1% for every 1% that the index declines from its initial level.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional trigger participation securities
|
| Underlying index: | Nasdaq-100
|
| Amount: | $17,304,820
|
| Maturity: | July 6, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the final index level is greater than the initial index level, par plus the index return, capped at par plus 17.85%; if the index declines by 15% or less, par plus the absolute value of the index return; if the index declines by more than 15%, 1% loss for every 1% that the index declines from its initial level
|
| Initial level: | 13,956.79
|
| Trigger level: | 11,863.272; 85% of initial level
|
| Pricing date: | March 16
|
| Settlement date: | March 21
|
| Underwriter: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as a dealer
|
| Fees: | 2.25%
|
| Cusip: | 17330L553
|
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