By Wendy Van Sickle
Columbus, Ohio, Aug. 14 – Citigroup Global Markets Holdings Inc. priced $9.42 million of 0% outperformance jump securities due Aug. 12, 2024 linked to the performance of the Invesco S&P 500 Equal Weight ETF relative to the SPDR S&P 500 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
The guarantor is Citigroup Inc.
If the Equal Weight return is greater than or equal to the SPDR S&P 500 return, the payout at maturity will be par plus 12%.
If the Equal Weight return is less than the SPDR S&P 500 return, the payout will be equal to the outperformance return, which is the Equal Weight return minus the SPDR S&P 500 return. In this case, the payout will be less than par.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Outperformance jump securities
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Underlying funds: | Invesco S&P 500 Equal Weight ETF relative to the SPDR S&P 500 ETF trust
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Amount: | $9,415,000
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Maturity: | Aug. 12, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the Equal Weight return is greater than or equal to the SPDR S&P 500 return, par plus 12%; if the Equal Weight return is less than the SPDR S&P 500 return, Equal Weight return minus the SPDR S&P 500 return, in which case the payout will be less than par
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Initial prices: | $154.88 for Invesco, $457.79 for SPDR
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Pricing date: | July 31
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Settlement date: | Aug. 3
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Agent: | Citigroup Global Markets Inc.
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 17291RPZ9
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