By Wendy Van Sickle
Columbus, Ohio, June 1 – Citigroup Global Markets Holdings Inc. priced $700,000 of 4.1% autocallable securities due May 26, 2021 linked to the common stock of Johnson & Johnson, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par if the stock closes at or above its initial share price on Nov. 23, 2020 or Feb. 22, 2021.
If the notes are not called, the payout at maturity will be par unless the stock closes below its 60% barrier level during the life of the notes and finishes below its initial share price, in which case the payout will be 6.81617 Johnston & Johnson shares or the cash value of those shares.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying stock: | Johnson & Johnson
|
| Amount: | $700,000
|
| Maturity: | May 26, 2021
|
| Coupon: | 4.1%, payable quarterly
|
| Price: | Par
|
| Call: | At par if stock closes at or above initial share price on Nov. 23, 2020 or Feb. 22, 2021
|
| Payout at maturity: | Par unless stock closes below barrier level during life of notes and finishes below initial share price, in which case 6.81617 shares or cash value
|
| Initial level: | $146.71
|
| Barrier level: | $88.026, 60% of initial level
|
| Pricing date: | May 21
|
| Settlement date: | May 27
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17328VTE0
|
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