By William Gullotti
Buffalo, N.Y., June 14 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% barrier securities due May 23, 2024 linked to the worst performing of Walt Disney Co. and YETI Holdings, Inc., 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 stock is greater than or equal to its initial level, the payout at maturity will be par plus 290% of the return of that stock.
If the final level of the worse performing stock is less than its initial level but greater than or equal to its 85% barrier level, the payout will be par.
If the final level of the worse performing stock is less than the 85% barrier level, investors will be fully exposed to the decline of the worse performing stock.
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 stocks: | Walt Disney Co. and YETI Holdings, Inc.
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| Amount: | $1,000,000
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| Maturity: | May 23, 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 stock is greater than or equal to its initial level, par plus 290% of the return of that stock; if the final level of the worse performing stock 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 stock
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| Initial levels: | $169.27 for Disney, $84.45 for Yeti
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| Barrier levels: | $143.88 for Disney, $71.783 for Yeti; 85% of initial levels
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| Pricing date: | May 20
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| Settlement date: | May 25
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17329FPL2
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