New Issue: Citigroup sells $1 million equity-linked notes on 3M, Dropbox

By Kiku Steinfeld

Chicago, June 4 – Citigroup Global Markets Holdings Inc. priced $1 million of equity-linked securities due June 2, 2021 tied to the least performing of the shares of 3M Co. and Dropbox, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of 12% per year, payable monthly.

If the final level of each asset is at least as great as 60% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% loss of the worst-performing asset.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying assets:	3M Co. and Dropbox, Inc.
Amount:	$1,000,000
Maturity:	June 2, 2021
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	If the final level of each asset is at least as great as 60% of its initial level, par; otherwise, investors will lose 1% for each 1% loss of the worst-performing asset
Initial levels:	$152.08 for 3M, $22.90 for Dropbox
Downside threshold levels:	$91.248 for 3M, $13.740 for Dropbox, 60% of initial levels
Pricing date:	May 27
Settlement date:	June 1
Agent:	Citigroup Global Markets Inc.
Fees:	0.2%
Cusip:	17328VJY7

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