New Issue: Citigroup sells $2 million 6.85% equity-linked securities on Amazon, Netflix, Disney

By William Gullotti

Buffalo, N.Y., Sept. 29 – Citigroup Global Markets Holdings Inc. priced $2 million of equity-linked securities due July 13, 2023 tied to the least performing of the shares of Amazon.com, Inc., Netflix, Inc. and Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of 6.85% per year, payable monthly.

If each stock finishes at or above 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 from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying assets:	Amazon.com, Inc., Netflix, Inc., Walt Disney Co.
Amount:	$2 million
Maturity:	July 13, 2023
Coupon:	6.85%, payable monthly
Price:	Par
Payout at maturity:	If each stock finishes at or above barrier, par; otherwise, full exposure to decline of least performing stock from its initial level
Initial levels:	$87.43 for Amazon, $81.65 for Netflix, $100.98 for Disney
Barrier levels:	$43.715 for Amazon, $40.825 for Netflix, $50.49 for Disney; 60% of initial levels
Strike date:	July 7
Pricing date:	July 8
Settlement date:	July 13
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.4%
Cusip:	17329Q3E8

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