Published on 5/24/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.90 million 15-month PLUS linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., May 24 – Citigroup Global Markets Holdings Inc. priced $1,904,900 of 0% Performance Leveraged Upside Securities due Aug. 5, 2020 linked to Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is positive, the payout at maturity will be par of $10 plus triple the index return, subject to a maximum return of 15.25%. Investors will lose 1% for each 1% decline.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management as a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Performance Leveraged Upside Securities
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| Underlying index: | Russell 2000 index
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| Amount: | $1,904,900
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| Maturity: | Aug. 5, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus triple the index return, subject to a maximum return of 15.25%; full exposure to losses
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| Initial level: | 1,591.211
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| Pricing date: | April 30
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| Settlement date: | May 3
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| Agent: | Citigroup Global Markets Inc.
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 17326W589
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