New Issue: Citigroup sells $4.78 million equity-linked securities on three stocks

By William Gullotti

Buffalo, N.Y., July 22 – Citigroup Global Markets Holdings Inc. priced $4.78 million of equity-linked securities due July 20, 2023 tied to the least performing of the shares of Alibaba Group Holding Ltd., Lyft, Inc. and Penn National Gaming, 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 14.92% 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 be fully exposed to the decline of the least performing stock.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying assets:	Alibaba Group Holding Ltd., Lyft, Inc., Penn National Gaming, Inc.
Amount:	$4,778,000
Maturity:	July 20, 2023
Coupon:	14.92%, payable monthly
Price:	Par
Payout at maturity:	If each asset finishes at or above barrier, par; otherwise, full exposure to decline of least performing stock
Initial levels:	$214.76 for Alibaba, $54.73 for Lyft, $68.83 for Penn
Barrier levels:	$128.856 for Alibaba, $32.838 for Lyft, $41.298 for Penn; 60% of initial levels
Pricing date:	July 15
Settlement date:	July 20
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.4%
Cusip:	17329QCX6

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