By Sarah Lizee
Olympia, Wash., April 2 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% barrier securities due Sept. 30, 2021 linked to the worst performing of the common stocks of Johnson & Johnson, Pfizer Inc. and UnitedHealth Group Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 3 times the worst performing stock if all three underliers finish above their initial level.
If the worst performer declines, but not more than 25%, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing stock.
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: | Barrier securities
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| Underlying stocks: | Johnson & Johnson, Pfizer Inc. and UnitedHealth Group Inc.
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| Amount: | $500,000
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| Maturity: | Sept. 30, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 3 times return of worst performing stock; par if worst performer declines, but not more than 25%; otherwise full exposure to decline of worst performer
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| Initial stock levels: | $119.18 for Johnson, $29.70 for Pfizer, $219.80 for UnitedHealth
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| Barrier levels: | $89.385 for Johnson, $22.275 for Pfizer, $164.850 for UnitedHealth; 75% of initial levels
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| Strike date: | March 24
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| Pricing date: | March 25
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| Settlement date: | March 30
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.3%
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| Cusip: | 17328VC24
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