By Taylor Fox
New York, Nov. 19 – Citigroup Global Markets Holdings Inc. priced $561,000 of 0% market-linked securities with leveraged upside participation to a cap and a fixed percentage buffered downside due May 6, 2024 linked to a basket containing the SPDR Dow Jones industrial average ETF trust with a 50% weight, the SPDR S&P MidCap 400 ETF Trust with a 30% weight and the iShares Russell 2000 ETF with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 1.25 times any basket gain, up to a 24% maximum gain.
If the basket falls by up to 10%, the payout will be par.
Investors will lose 1% for each 1% basket decline beyond 10%.
Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities with leveraged upside participation to a cap and a fixed percentage buffered downside
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| Underlying basket: | SPDR Dow Jones industrial average ETF trust (50% weight), SPDR S&P MidCap 400 ETF Trust (30% weight) and iShares Russell 2000 ETF (20% weight)
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| Amount: | $561,000
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| Maturity: | May 6, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.25 times any basket gain, up to a 24% maximum gain; par if basket falls by up to 10%; exposure to losses beyond 10%
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| Initial levels: | $265.06 for Dow, $346.27 for S&P, $153.09 for Russell
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| Buffer level: | 90% of initial levels
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| Pricing date: | Oct. 30
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| Settlement date: | Nov. 4
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| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
|
| Fees: | 3.41%
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| Cusip: | 17324X4E7
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