By Kiku Steinfeld
Chicago, Dec. 14 – Citigroup Global Markets Holdings Inc. priced $300,000 of 0% contingent barrier notes due May 2, 2023 linked to Oracle Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any stock gain up to a maximum payout of par plus 22.85%. If the stock declines but not below the 75% barrier price, the payout will be par. Otherwise, investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Contingent barrier notes
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Underlying stock: | Oracle Corp.
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Amount: | $300,000
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Maturity: | May 2, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any stock gain up to par plus 22.85%; par if stock falls but not below barrier level; otherwise, full exposure to decline
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Initial share price: | $79.45
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Barrier level: | $59.588; 75% of initial level
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Pricing date: | April 18
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Settlement date: | April 21
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17330F3G4
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