By Marisa Wong
Los Angeles, April 23 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% barrier securities due Oct. 20, 2022 linked to the worst performing of the common stocks of AT&T Inc. and Cisco Systems, 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 4 times the return of the worst performing stock if it finishes above its initial value, with the payout capped at $1,510 per $1,000 of notes.
If the worst performer finishes flat or declines by up to 15%, the payout will be par.
If the worst performer falls by more than 15%, investors will be fully exposed to the decline of that 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: | AT&T Inc. (Symbol: T) and Cisco Systems, Inc. (Symbol: CSCO)
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| Amount: | $500,000
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| Maturity: | Oct. 20, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 4 times any gain in worst performing stock, capped at par plus 51%; par if worst performer finishes flat or falls by up to 15%; otherwise full exposure to decline of worst performer
|
| Initial values: | $30.088 for AT&T, $41.23 for Cisco
|
| Barrier values: | $25.575 for AT&T, $35.045 for Cisco; 85% of initial values
|
| Strike date: | April 16
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| Pricing date: | April 17
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| Settlement date: | April 22
|
| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
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| Cusip: | 17328VV23
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