By Marisa Wong
Morgantown, W.Va., June 4 – Citigroup Global Markets Holdings Inc. priced $6.35 million of 0% jump securities due Aug. 13, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes at or above its initial level, the payout at maturity will be par plus 11.85%.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Jump securities
|
| Underlying index: | S&P 500
|
| Amount: | $6,345,500
|
| Maturity: | Aug. 13, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 11.85%; exposure to any losses
|
| Initial level: | 2,881.40
|
| Pricing date: | May 10
|
| Settlement date: | May 15
|
| Agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.25%
|
| Cusip: | 17326W399
|
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