By Kiku Steinfeld
Chicago, June 21 – Citigroup Global Markets Holdings Inc. priced $2.92 million of 0% barrier securities due June 4, 2026 linked to the worst performing of the ARK Fintech Innovation ETF, the ARK Genomic Revolution ETF and the ARK Innovation ETF, 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 ETF is greater than or equal to its initial level, the payout at maturity will be par plus 153% of the return of that ETF.
If the final level of the worse performing ETF 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 ETF is less than the 60% barrier level, investors will be fully exposed to the decline of the worse performing ETF.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying ETFs: | ARK Fintech Innovation ETF, ARK Genomic Revolution ETF and ARK Innovation ETF
|
| Amount: | $2,919,000
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| Maturity: | June 4, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of the worse performing ETF is greater than or equal to its initial level, par plus 153% of the return of that ETF; if the final level of the worse performing ETF 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 ETF
|
| Initial levels: | $49.83 for Fintech, $81.75 for Genomic, $112.10 for Innovation
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| Barrier levels: | $29.898 for Fintech, $49.050 for Genomic, $67.260 for Innovation; 60% of initial levels
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| Pricing date: | May 28
|
| Settlement date: | June 7
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17329FGG3
|
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