By Wendy Van Sickle
Columbus, Ohio, March 1 – Citigroup Global Markets Holdings Inc. priced $1.29 million of 0% barrier securities due Aug. 15, 2024 linked to the worst performing of the Financial Select Sector SPDR fund and the Energy 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 1.4665 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 60% barrier level, the payout will be par.
If the final level of the worse performing asset is less than the 60% 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: | Financial Select Sector SPDR fund and Energy Select Sector SPDR fund
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| Amount: | $1.29 million
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| Maturity: | Aug. 15, 2024
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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 1.4665 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: | $31.52 for Financial, $44.67 for Energy
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| Barrier levels: | $26.802 for index, $18.912 for Energy; 60% of initial levels
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| Pricing date: | Feb. 12
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| Settlement date: | Feb. 18
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.95%
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| Cusip: | 17328YMD3
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