By Wendy Van Sickle
Columbus, Ohio, Feb. 10 – Citigroup Global Markets Holdings Inc. priced $1.88 million of 0% Performance Leveraged Upside Securities due March 4, 2021 linked to an equally weighted basket of four exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup, Inc.
The basket components are the iShares MSCI Brazil ETF, the iShares MSCI India ETF, the iShares China Large-Cap ETF and the VanEck Vectors Russia ETF, each with a 25% weight.
If the final basket level is greater than the initial basket level, the payout at maturity will be par of $10 plus 300% of the basket return, subject to a maximum return of 14%.
If the final basket level is less than the initial basket level, investors will be fully exposed to the decline.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is acting as a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Performance Leveraged Upside Securities
|
| Basket components: | iShares MSCI Brazil ETF, iShares MSCI India ETF, iShares China Large-Cap ETF and VanEck Vectors Russia ETF, each with 25% weight
|
| Amount: | $1,878,950
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| Maturity: | March 4, 2021
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | If final basket level is greater than initial basket level, par plus 300% of basket return, subject to a maximum return of 14%; full exposure to decline
|
| Initial levels: | $43.76 for Brazil, $34.49 for India, $39.74 for China, $24.60 for Russia
|
| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agent: | Citigroup Global Markets Inc.
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
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| Cusip: | 17327U848
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