By Taylor Fox
New York, Feb. 8 – Citigroup Global Markets Holdings Inc. priced $945,000 of 17.5% autocallable securities due Jan. 11, 2022 linked to the lesser performing of the stocks of DraftKings Inc. and Penn National Gaming Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable monthly.
The notes will be called at par if each stock closes at or above its initial share price on any monthly call valuation date after three months.
The payout at maturity will be par unless either underlying stock finishes below its 50% barrier level, in which case investors will lose 1% for every 1% that the lesser-performing stock declines from its initial share price, payable in stock or the cash value of those shares.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable securities
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| Underlying stocks: | DraftKings Inc. and Penn National Gaming Inc.
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| Amount: | $945,000
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| Maturity: | Jan. 11, 2022
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| Coupon: | 17.5%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par if lesser-performing underlying stock falls by up to 50%, otherwise, 1% loss for every 1% that lesser-performing stock declines from initial share price, payable in either stock or cash at issuer’s option
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| Call: | At par if each stock closes at or above its initial share price on any monthly call valuation date after three months
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| Initial share prices: | $48.995 for DraftKings and $89.21 for Penn
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| Barrier levels: | $24.498 for DraftKings and $44.605 for Penn; 50% of initial values
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| Pricing date: | Jan. 6
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| Settlement date: | Jan. 11
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.875%
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| Cusip: | 17328NDM7
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