New Issue: Citigroup sells $600,000 equity-linked securities on three stocks

By Taylor Fox

New York, Feb. 16 – Citigroup Global Markets Holdings Inc. priced $600,000 of 11.3% equity-linked securities due July 24, 2024 tied to the least performing of the shares of Roku, Inc., salesforce.com, inc. and Square, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The coupon is payable monthly.

If the final level of each asset is at least as great as 55% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% loss of the worst-performing asset.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying stocks:	Roku, Inc., salesforce.com, inc. and Square, Inc.
Amount:	$600,000
Maturity:	July 24, 2024
Coupon:	11.3%, payable monthly
Price:	Par
Payout at maturity:	If the final level of each stock is at least as great as 75% of its initial level, par; otherwise, investors will lose 1% for each 1% loss of the worst-performing stock
Initial levels:	$434.14 for Roku, $216.76 for salesforce and $227.26 for Square
Barrier levels:	$238.777 for Roku, $119.218 for salesforce and $124.993 for Square, 55% of initial levels
Pricing date:	Jan. 19
Settlement date:	Jan. 22
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.6%
Cusip:	17328YLW2

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