New Issue: Citigroup sells $1 million 5.06% equity-linked securities on Verizon, Procter & Gamble, Coca-Cola

By Wendy Van Sickle

Columbus, Ohio, Jan. 11 – Citigroup Global Markets Holdings Inc. priced $1 million of equity-linked securities due Aug. 29, 2022 tied to the least performing of the shares of Verizon Communications, Inc., Procter & Gamble Co. and Coca-Cola 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 5.06% per year, payable monthly.

If each stock finishes at or above 75% of its initial level, the payout at maturity will be par plus the final fixed coupon. Otherwise, investors will be fully exposed to the losses of the worst performer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying stocks:	Verizon Communications, Inc., Procter & Gamble Co. and Coca-Cola Co.
Amount:	$1 million
Maturity:	Aug. 29, 2022
Coupon:	5.06% annual rate, payable monthly
Price:	Par
Payout at maturity:	If each stock finishes at or above barrier, par plus final fixed coupon; otherwise, full exposure to losses of worst performer
Initial levels:	$55.42 for Verizon, $144.35 for Procter & Gamble, $56.44 for Coca-Cola
Barrier levels:	$41.565 for Verizon, $108.263 for Procter & Gamble, $42.33 for Coca-Cola, 75% of initial levels
Strike date:	Aug. 23
Pricing date:	Aug. 24
Settlement date:	Aug. 27
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.2%
Cusip:	17329QBR0

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