By Taylor Fox
New York, Dec. 30 – Citigroup Global Markets Holdings Inc. priced $5.07 million of 0% buffered Performance Leveraged Upside Securities due July 6, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum payout of par of $10 plus $1.77 per note.
Investors will receive par if the index declines up to 10% and will be exposed to any losses beyond the 10% buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management as dealer.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $5,069,110
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Maturity: | July 6, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 200% of index return, capped at par plus 17.7%; par if index falls by up to 10%; exposure to any losses beyond the 10% buffer
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Initial index level: | 3,543
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Buffer level: | 90% of initial level
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Pricing date: | Dec. 16
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Settlement date: | Dec. 21
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Agent: | Citigroup Global Markets Inc.
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 17328L474
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