New York, March 24 – Citigroup Global Markets Holdings Inc. priced $3 million of 0% barrier securities due March 20, 2025 linked to the common stocks of JPMorgan Chase & Co. and Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing stock gains, the payout at maturity will be par plus 185.8% of that stock’s return.
Investors will receive par if the worst performing stock declines but ends at or above the 50% barrier and will lose 1% for every 1% that the worst performing stock declines if it finishes below the barrier.
The notes are guaranteed by Citigroup Inc.
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: | Barrier securities
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| Underlying stocks: | JPMorgan Chase & Co. and Charles Schwab Corp.
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| Amount: | $3 million
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| Maturity: | March 20, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing stock gains, par plus 185.8% of that stock return; par if worst performing stock declines but finishes at or above the 50% barrier; otherwise, full exposure to decline of worst performing stock from initial level
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| Initial levels: | $130.75 for JPMorgan Chase & Co., $57.88 for Charles Schwab Corp.
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| Final barriers: | $65.375 for JPMorgan Chase & Co., $28.940 for Charles Schwab Corp., 50% of initial level
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| Strike date: | March 16
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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: | 0.4%
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| Cusip: | 17331H3N4
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