By Wendy Van Sickle
Columbus, Ohio, Nov. 7 – Citigroup Global Markets Holdings Inc. priced $37.53 million of 0% trigger Performance Leveraged Upside Securities due Sept. 28, 2027 linked to a weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the iShares 7-10 Year Treasury Bond ETF with a 35% weight and the S&P 500 index with a 65% weight.
The notes are guaranteed by Citigroup Inc.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 110.5% of the basket return.
If the basket declines by 35% or less, the payout will be par. If the basket declines by more than 35%, investors will lose 1% for every 1% that the basket declines from its initial level.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management as a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying assets: | iShares 7-10 Year Treasury Bond ETF (35% weight), S&P 500 index (65% weight)
|
| Amount: | $37,525,000
|
| Maturity: | Sept. 28, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final basket level is greater than initial level, par plus 110.5% of basket return; if final basket level is less than initial basket level but greater than or equal to trigger level, par; if final basket level is less than trigger level, 1% loss for every 1% that basket declines from initial level
|
| Initial index levels: | $96.82 for ETF, 3,693.23 for S&P
|
| Trigger level: | 65% of initial level
|
| Pricing date: | Sept. 23
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| Settlement date: | Sept. 28
|
| Agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as dealer
|
| Fees: | 3.5%
|
| Cusip: | 17330U363
|
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