By Marisa Wong
Morgantown, W.Va., June 14 – Citigroup Global Markets Holdings Inc. priced $3.64 million of 0% jump securities due Sept. 6, 2018 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 fund return is zero or positive, the payout at maturity will be par of $10 plus the fixed return amount of 16%. Investors will be fully exposed to any fund 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: | Jump securities
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Underlying ETF: | Energy Select Sector SPDR fund
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Amount: | $3.64 million
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Maturity: | Sept. 6, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If fund return is zero or positive, par plus 16%; full exposure to losses
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Initial price: | $65.44
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Pricing date: | May 31
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Settlement date: | June 5
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Underwriter: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as dealer
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Fees: | 2.25%
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Cusip: | 17325K354
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