Chicago, April 15 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% barrier securities due April 6, 2023 linked to the worst performing of the common stocks of Apple Inc. and Starbucks Corp., 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 three times the worst performing stock if both underliers finish above their initial level, subject to a maximum return of 160% of the principal amount.
If the worst performer declines, but not more than 15%, 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.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Barrier securities
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| Underlying stocks: | Apple Inc. and Starbucks Corp.
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| Amount: | $500,000
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| Maturity: | April 6, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus three times return of worst performing stock subject to a maximum return of 160% of the principal amount; par if worst performer declines, but not more than 15%; otherwise full exposure to decline of worst performer
|
| Initial stock levels: | $244.93 for Apple, $65.00 for Starbucks
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| Barrier levels: | $208.191 for Apple, $55.250 for Starbucks; 85% of initial levels
|
| Strike date: | April 2
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| Pricing date: | April 3
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| Settlement date: | April 8
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.6%
|
| Cusip: | 17328VAL4
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