Chicago, Dec. 1 – Citigroup Global Markets Holdings Inc. priced $919,000 of 21.55% autocallable equity-linked securities due March 22, 2023 tied to the worst performing of the common stocks of Bank of America Corp., Capital One Financial Corp. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Interest is payable monthly.
The notes will be automatically redeemed at par plus the coupon if each stock closes at or above the initial level on any monthly observation date after three months.
The payout at maturity will be par unless any stock finishes below its final barrier value, 60% of its initial value, in which case investors will be fully exposed to the decline of the least-performing stock.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable equity-linked securities
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| Underlying stocks: | Bank of America Corp., Capital One Financial Corp. and Tesla, Inc.
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| Amount: | $919,000
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| Maturity: | March 22, 2023
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| Coupon: | 21.55%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless any stock finishes below final barrier value, in which case full exposure to least-performing stock’s decline
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| Call: | At par plus interest if each stock closes at or above its initial level on any monthly observation date after three months
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| Initial levels: | $43.03 for BofA, $137.55 for Capital One, $871.60 for Tesla
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| Final barrier levels: | $25.818 for BofA, $82.53 for Capital One, $522.96 for Tesla; 60% of initial values
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| Pricing date: | March 17
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| Settlement date: | March 22
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17330AKT8
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