By William Gullotti
Buffalo, N.Y., Oct. 11 – Citigroup Global Markets Holdings Inc. priced $7.18 million of 0% trigger jump securities due Oct. 3, 2025 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the ETF finishes at or above its trigger level, 80% of initial level, the payout at maturity will be the greater of par plus the ETF return and par plus the 38% fixed return amount.
Otherwise, investors will be fully exposed to the ETF’s decline from its initial level.
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 ETF: | Energy Select Sector SPDR Fund
|
| Amount: | $7,175,000
|
| Maturity: | Oct. 3, 2025
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If ETF finishes at or above trigger level, the greater of par plus 38% and par plus the return; otherwise, full exposure to decline from initial level
|
| Initial level: | $72.02
|
| Trigger level: | $57.616; 80% of initial level
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 5
|
| Agent: | Citigroup Global Markets Inc.
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 17330U546
|
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