By Wendy Van Sickle
Columbus, Ohio, July 15 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% barrier securities due Jan. 12, 2023 linked to the worst performing of the shares of Facebook, Inc. and the Communication Services Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final level of the worse performing asset is greater than or equal to its initial level, the payout at maturity will be par plus 1.05 times the return of that asset.
If the final level of the worse performing asset is less than its initial level but greater than or equal to its 70% barrier level, the payout will be par.
If the final level of the worse performing asset is less than the 70% barrier level, investors will be fully exposed to the decline of the worse performing asset.
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: | Barrier securities
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| Underlying assets: | Facebook, Inc. andCommunication Services Select Sector SPDR fund
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| Amount: | $500,000
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| Maturity: | Jan. 12, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final level of the worse performing asset is greater than or equal to its initial level, par plus 1.05 times the return of that asset; if the final level of the worse performing asset is less than its initial level but greater than or equal to its barrier level, par; otherwise, full exposure to the decline of the worse performing asset
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| Initial levels: | $350.42 for Facebook, $81.64 for ETF
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| Barrier levels: | $245.294 for Facebook, $57.148 for ETF; 70% of initial levels
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| Pricing date: | July 9
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| Settlement date: | July 14
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17329Q3W8
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