By Taylor Fox
New York, Dec. 7 – Citigroup Global Markets Holdings Inc. priced $600,000 of 21.75% autocallable equity-linked notes due Nov. 29, 2021 linked to the worst performing of the common stocks of Appian Corp., Fiverr International Ltd. and SolarEdge Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be guaranteed by Citigroup Inc.
If all stocks close at or above their initial levels on any monthly potential autocall date starting after three months, the notes will be automatically called at par plus the coupon due.
If the notes have not been called and final levels of each stock is greater than or equal to 55% of the initial level, the payout will be par plus the final coupon.
If the worst-performing stock finishes below its barrier level, investors will be fully exposed to losses of the worst performer, payable either in shares or cash.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable equity-linked securities
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| Underlying stocks: | Appian Corp., Fiverr International Ltd. and SolarEdge Technologies, Inc.
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| Amount: | $600,000
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| Maturity: | Nov. 29, 2021
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| Coupon: | 21.75%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If the final levels of all three stocks finish above their barrier levels, par plus coupon; otherwise, full exposure to losses of worst performer, payable in cash or shares
|
| Call: | Automatically at par plus coupon if all stocks close above their initial value on any monthly potential autocall date after three months
|
| Initial levels: | $137.04 for Appian, $200 for Fiverr and $264.80 for SolarEdge
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| Barrier levels: | $75.372 for Appian, $110 for Fiverr and $145.640 for SolarEdge, 55% of initial levels
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| Equity ratios: | 7.29714 for Appian, 5 for Fiverr and 3.77644 for SolarEdge
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| Pricing date: | Nov. 23
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| Settlement date: | Nov. 27
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.875%
|
| Cusip: | 17324X6G0
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