By Taylor Fox
New York, Nov. 11 – Citigroup Global Markets Holdings Inc. priced $250,000 of 0% barrier securities due Oct. 19, 2023 linked to the least performing of the Energy Select Sector SPDR fund, Financial Select Sector SPDR fund and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final level of each asset is positive or flat, the payout at maturity will be par plus 217% of the least performing asset return.
The payout will be par if the final level of each asset is less than its initial level but greater than or equal to the barrier level, 70% of the initial level.
If any asset finishes below the barrier level, investors will be fully exposed to the decline of the least performing index.
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: | Energy Select Sector SPDR fund, Financial Select Sector SPDR fund and Nasdaq-100 index
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| Amount: | $250,000
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| Maturity: | Oct. 19, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index return is positive, par plus 217% of the least performing asset return; par if final level of least performing asset is less than initial level but greater than or equal to barrier level; full exposure to decline if least performing asset finishes below barrier level
|
| Initial levels: | $30.52 for Energy Select, $24.78 for Financial Select and 11,985.36 for Nasdaq
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| Final barrier levels: | $21.364 for Energy Select, $17.346 for Financial Select and 8,389.752 for Nasdaq; 70% of initial levels
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| Pricing date: | Oct. 15
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| Settlement date: | Oct. 20
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.6%
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| Cusip: | 17328WSG4
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