Chicago, April 19 – Citigroup Global Markets Holdings Inc. priced $404,000 of 0% upturn securities due July 24, 2025 linked to the common stock of Norwegian Cruise Line Holdings Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains the payout will be par plus 175% of the stock return capped at par plus 68.25%.
Investors will lose 1% for every 1% that the stock declines if it ends below its initial level.
The securities are non-callable.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Upturn securities
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| Underlying stock: | Norwegian Cruise Line Holdings Ltd.
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| Amount: | $404,000
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| Maturity: | July 24, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its initial value, par plus 175% of stock return capped at 68.25%; otherwise, exposure to decline of stock
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| Initial level: | $17.76
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| Leverage: | 175%
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| Cap: | 68.25%
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| Call: | Non-callable
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.25%
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| Cusip: | 17291L5U5
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