By Wendy Van Sickle
Columbus, Ohio, May 18 – Citigroup Global Markets Holdings Inc. priced $3.39 million of 0% dual directional trigger Performance Leveraged Upside Securities due June 3, 2020 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the stock finishes above its initial level, the payout at maturity will be par of $10 plus 1.5 times the gain, subject to a maximum payment of $13.05 per trigger PLUS.
If the stock falls by up to its 20% trigger level, the payout will be par plus the absolute value of the stock return.
Otherwise, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the agent, with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional trigger Performance Leveraged Upside Securities
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| Underlying stock: | Facebook, Inc.
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| Amount: | $3,388,250
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| Maturity: | June 3, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains, par plus 1.5 times the return, capped at 30.5%; if stock falls by up to 20%, par plus absolute return; otherwise, 1% loss per 1% decline
|
| Initial share price: | $183.20
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| Trigger level: | $146.56, 80% of initial price
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| Pricing date: | May 16
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| Settlement date: | May 21
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| Agent: | Citigroup Global Markets Inc., with Morgan Stanley Wealth Management handling distribution
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| Fees: | 2.5%
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| Cusip: | 17326K130
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