By Marisa Wong
Los Angeles, Oct. 27 – Citigroup Global Markets Holdings Inc. priced $32 million of 0% upturn securities due Oct. 28, 2025 linked to the worst performing of the iShares Expanded Tech-Software Sector exchange-traded fund, the Nasdaq-100 index and the Technology Select Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If each underlying finishes above its initial level, the payout at maturity will be par plus 152% of the gain of the least performing asset.
Investors will be exposed to any losses of the least performing asset.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Upturn securities
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| Underlying assets: | iShares Expanded Tech-Software Sector ETF, Nasdaq-100 index and Technology Select Sector index
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| Amount: | $32 million
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| Maturity: | Oct. 28, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 152% of any gain in least performing asset; 1% loss per 1% decline of least performing asset
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| Initial values: | $327.42 for ETF, 11,692.57 for Nasdaq, 1,192.92 for Technology Select
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| Pricing date: | Oct. 23
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| Settlement date: | Oct. 28
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3.75%
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| Cusip: | 17328WMK1
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