By Marisa Wong
Los Angeles, May 13 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% barrier securities due Nov. 3, 2022 linked to the common stock of Peloton Interactive, 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 any share price gain, with the payout capped at $1,270 per $1,000 of notes.
If the stock finishes flat or declines by up to 15%, the payout will be par.
If the stock falls by more than 15%, investors will be fully exposed to the share price decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
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| Underlying stock: | Peloton Interactive, Inc. (Symbol: PTON)
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| Amount: | $500,000
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| Maturity: | Nov. 3, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 4 times any share price gain, capped at par plus 27%; par if stock finishes flat or falls by up to 15%; otherwise full exposure to share price decline
|
| Initial price: | $30.628
|
| Barrier price: | $26.033, 85% of initial price
|
| Strike date: | April 28
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| Pricing date: | April 29
|
| Settlement date: | May 4
|
| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
|
| Cusip: | 17328VTL4
|
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