Chicago, Dec. 15 – Citigroup Global Markets Holdings Inc. priced $743,000 of 12.5% autocallable equity-linked securities due Oct. 13, 2022 linked to the worst performing of the common stocks of Apple Inc., Bank of America Corp. and JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The securities will be called automatically starting July 8 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent monthly determination date.
The payout at maturity will be par if the worst performing stock ends at or above its 75% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing stock declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable equity-linked securities
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| Underlying stocks: | Apple Inc., Bank of America Corp. and JPMorgan Chase & Co.
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| Amount: | $743,000
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| Maturity: | Oct. 13, 2022
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| Coupon: | 12.5%, payable monthly
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| Price: | Par
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| Payout at maturity: | If worst performing stock finishes at or above final barrier par; 1% loss for every 1% that worst performing stock declines if it ends below final barrier
|
| Call: | Automatically starting July 8 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent monthly determination date
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| Initial levels: | $170.09 for Apple, $39.67 for Bank of America, $133.49 for JPMorgan
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| Final barriers: | $127.568 for Apple, $29.753 for Bank of America, $100.118 for JPMorgan, 75% of initial levels
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| Pricing date: | April 8
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| Settlement date: | April 13
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17330FC33
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