By William Gullotti
Buffalo, N.Y., May 9 – Citigroup Global Markets Holdings Inc. priced $11.37 million of 0% dual directional trigger Performance Leveraged Upside Securities due May 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 200% of the gain, up to a maximum return of 32.6%.
If the index falls by up to 20%, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management as the dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $11,366,450
|
| Maturity: | May 5, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any index gain, up to a maximum return of 32.6%; if index falls by up to 20%, par plus the absolute value of the return; otherwise, investors will be fully exposed to any losses
|
| Initial level: | 4,131.93
|
| Trigger value: | 3,305.544; 80% of initial level
|
| Pricing date: | April 29
|
| Settlement date: | May 4
|
| Agent: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 17330M585
|
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