New York, April 30 – Citigroup Global Markets Holdings Inc. priced $7.84 million of 0% trigger jump securities due April 29, 2026 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the stock is positive, the payout at maturity will be par plus the greater of the stock return and 29.7%. Investors will receive par if the stock declines but finishes at or above the 80% trigger level and will lose 1% for every 1% that the stock declines if it finishes below the trigger level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley will act as distributor.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Trigger jump securities
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Underlying stock: | Microsoft Corp.
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Amount: | $7,835,000
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Maturity: | April 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If stock return is positive, par plus greater of stock return and 29.7%; par if stock declines but finishes at or above trigger level; 1% loss for every 1% that stock declines if it finishes below trigger level
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Initial level: | $409.06
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Upside payment: | 29.7%
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Trigger: | $327.248, 80% | of initial level
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Pricing date: | April 24
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Settlement date: | April 29
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Agent: | Citigroup Global Markets Inc.
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Distributor: | Morgan Stanley
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Fees: | 2.5%
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Cusip: | 17331UAG2
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