By William Gullotti
Buffalo, N.Y., Sept. 2 – Citigroup Global Markets Holdings Inc. priced $10.66 million of 0% trigger jump securities due March 2, 2023 linked to the DraftKings Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the stock finishes at or above the initial level, the payout at maturity will be par of $10 plus 51%.
Investors will receive par if the stock falls by up to 10% and will be fully exposed to the decline from the initial level if the stock falls by more than 10%.
Citigroup Global Markets Inc. is the agent, with Morgan Stanley Wealth Management as dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger jump securities
|
| Underlying stock: | DraftKings Inc.
|
| Amount: | $10,663,300
|
| Maturity: | March 2, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If stock finishes flat or gains, par plus 51%; par if the stock falls by up to 10%; otherwise, full exposure to the decline from the initial level
|
| Initial level: | $60.01
|
| Trigger level: | $54.009; 90% of initial level
|
| Pricing date: | Aug. 27
|
| Settlement date: | Sept. 1
|
| Agent: | Citigroup Global Markets Inc.
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 17329L291
|
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