By William Gullotti
Buffalo, N.Y., June 22 – Citigroup Global Markets Holdings Inc. priced $1.49 million of 0% market-linked securities – contingent fixed return and contingent downside due June 28, 2024 linked to the stock performance of Palantir Technologies Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 23.5% if the stock finishes at or above its 60% barrier.
Otherwise, investors will be fully exposed to stock decline.
The notes are guaranteed by Citigroup Inc.
Wells Fargo Securities LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities – contingent fixed return and contingent downside
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| Underlying stock: | Palantir Technologies Inc.
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| Amount: | $1,485,000
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| Maturity: | June 28, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If stock finishes at or above barrier level, par plus 23.5%; otherwise, full exposure to stock decline from initial level
|
| Initial level: | $16.60
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| Barrier level: | $9.96; 60% of initial level
|
| Pricing date: | June 15
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| Settlement date: | June 21
|
| Agents: | Wells Fargo Securities LLC and Citigroup Global Markets Inc.
|
| Fees: | 2.54%
|
| Cusip: | 17291R4H2
|
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