By Kiku Steinfeld
Chicago, Oct. 19 – Citigroup Global Markets Holdings Inc. priced $3.63 million of 0% Performance Leveraged Upside Securities due Oct. 4, 2023 linked to the SPDR Gold Trust, according to an FWP filing with the Securities and Exchange Commission.
If the final fund level is greater than the initial fund level, the payout at maturity will be par plus 300% of the fund return, subject to a maximum return of 32.5%. If the final fund level is less than the initial fund level, investors will be fully exposed to the decline.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying fund: | SPDR Gold Trust
|
| Amount: | $3,629,000
|
| Maturity: | Oct. 4, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any fund gain, capped at 32.5%; full exposure to any losses
|
| Initial fund level: | $177.12
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 5
|
| Agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as dealer
|
| Fees: | 3%
|
| Cusip: | 17327Y360
|
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