New Issue: Citigroup sells $650,000 12.4% equity-linked securities on three stocks

By William Gullotti

Buffalo, N.Y., Feb. 14 – Citigroup Global Markets Holdings Inc. priced $650,000 of equity-linked securities due Sept. 8, 2023 tied to the least performing of the shares of Moderna, Inc., Facebook, Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of 12.4% per year, payable monthly.

If each stock finishes at or above 55% of its initial level, the payout at maturity will be par plus the final fixed coupon. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying assets:	Moderna, Inc., Facebook, Inc., Nvidia Corp.
Amount:	$650,000
Maturity:	Sept. 8, 2023
Coupon:	12.4%, payable monthly
Price:	Par
Payout at maturity:	If each stock finishes at or above barrier, par plus final fixed coupon; otherwise, full exposure to decline of worst performer from its initial level
Initial levels:	$389.94 for Moderna, $382.05 for Facebook, $224.41 for Nvidia
Barrier levels:	$214.467 for Moderna, $210.128 for Facebook, $123.426 for Nvidia; 55% of initial levels
Strike date:	Sept. 1, 2021
Pricing date:	Sept. 2, 2021
Settlement date:	Sept. 8, 2021
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.4%
Cusip:	17329QTL4

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