New Issue: Citigroup sells $1 million equity-linked securities on Roku, Apple, Lowe’s

By Cady Vishniac

Detroit, Jan. 5 – Citigroup Global Markets Holdings Inc. priced $1 million of equity-linked securities due Dec. 27, 2023 linked to Roku, Inc., Apple Inc. and Lowe’s Cos., Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The notes will have a coupon of 11.5% per year, paid monthly.

If each stock finishes at or above its downside threshold price, 60% of its initial price, the payout at maturity will be par plus the final coupon.

Otherwise, investors will lose 1% for each 1% decline of the least-performing stock from its initial price, but receive a final coupon.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying stocks:	Roku, Inc., Apple Inc. and Lowe’s Cos., Inc.
Amount:	$1 million
Maturity:	Dec. 27, 2023
Coupon:	11.5% per year, paid monthly
Price:	Par
Payout at maturity:	If each stock finishes above initial price, par plus final coupon; otherwise, 1% loss for each 1% decline of the least-performing stock from its initial price, plus final coupon
Initial prices:	$340.71 for Roku, $126.655 for Apple and $163.20 for Lowe’s
Downside threshold prices:	$204.426 for Roku, $75.993 for Apple and $97.92 for Lowe’s, 60% of initial prices
Strike date:	Dec. 18
Pricing date:	Dec. 21
Settlement date:	Dec. 24
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.6%
Cusip:	17328YAG9

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