Erie Indty Co SEC Filings

Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc. (ticker C), is offering $7.774 million of Contingent Income Callable Securities due 1-Jul-2027. The notes are linked to the worst performing of three U.S. equity indices: Nasdaq-100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX).

Coupon mechanics: Investors may receive a quarterly contingent coupon of 2.5375% (10.15% p.a.) when, on every trading day in the observation period, no index closes below its Coupon Barrier (70 % of the initial level). A single intraperiod breach cancels that quarter’s coupon.

Downside & principal repayment: At maturity, if the final level of the worst performing index is at or above the Downside Threshold (also 70 % of the initial level), the holder is repaid the full $1,000 principal plus any final coupon. If it is below 70 %, principal is reduced 1-for-1 with the index loss (e.g., –40 % index return ⇒ $600 repayment). There is no minimum redemption value; principal can be completely lost.

Issuer call feature: Citigroup may redeem the notes in full on any quarterly Potential Redemption Date (first date 2-Oct-2025) with three business-day notice. Early redemption pays $1,000 plus the corresponding coupon and terminates future coupons.

Credit & valuation: The notes are senior, unsecured obligations of Citigroup Global Markets Holdings Inc. and carry Citigroup Inc.’s full guarantee—payments depend on the group’s creditworthiness. Estimated value on the pricing date is $977 per note, $23 below the $1,000 issue price, reflecting structuring/hedging costs and internal funding rate. CGMI acts as underwriter, collects a $20 fee per note, pays $15 selling concession and $5 structuring fee to Morgan Stanley Wealth Management. No exchange listing is planned; secondary liquidity will rely on CGMI’s discretionary market-making.

Key parameters: Initial index levels—NDX 22,534.20; RTY 2,172.526; SPX 6,173.07. Barrier/threshold levels are 70 % of each initial level. CUSIP 17333KEA1; pricing date 27-Jun-2025; issue date 2-Jul-2025; final valuation 28-Jun-2027; maturity 1-Jul-2027.

Investor profile: Suitable only for sophisticated investors comfortable with equity-index risk, issuer credit exposure, potential illiquidity, and asymmetric return (high coupons but no upside participation and full downside beyond 30 % decline).

Willis Lease Finance Corp. (WLFC) – Form 144 notice of proposed insider sale

A Form 144 filing reports that Austin C. Willis intends to sell 3,450 common shares through Merrill Lynch on or about 01 July 2025. At the market price used in the form, the transaction is valued at $483,034. With 6,902,975 shares outstanding, the planned sale represents roughly 0.05 % of the company’s equity.

The shares were acquired 01 Apr 2024 as compensation; full payment was made in cash. The filing also discloses a history of monthly sales by the same insider over the prior three months:

• 02 Jun 2025 – 3,450 shares for $453,036
• 01 May 2025 – 3,450 shares for $521,910
• 02 Apr 2025 – 3,450 shares for $544,271

Total shares sold in the last quarter: 10,350, generating approximately $1.52 million in proceeds. The broker for the upcoming sale is Merrill Lynch (Palm Beach Gardens, FL); the shares are listed on NASD.

The filer certifies that no undisclosed material adverse information is known, as required under Rule 144. While the dollar amounts are meaningful for the individual, the disposal is modest relative to the company’s float and does not, by itself, alter Willis Lease Finance’s fundamentals. Nevertheless, continued insider selling may be monitored by investors as a sentiment indicator.