Chicago, Dec. 2 – Citigroup Global Markets Holdings Inc. priced $870,000 of 10.5% autocallable equity linked securities due March 25, 2024 linked to the worst performing of the common stocks of Apple Inc., Bank of America Corp. and JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Coupon payments will be made monthly.
The securities will be called automatically starting June 21 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent monthly valuation date.
The payout at maturity will be par if the worst performing stock ends at or above its 60% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing stock declines.
The notes are guaranteed by Citigroup Inc.
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 equity linked securities
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| Underlying stocks: | Apple Inc., Bank of America Corp. and JPMorgan Chase & Co.
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| Amount: | $870,000
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| Maturity: | March 25, 2024
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| Coupon: | 10.5%, annual monthly
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| Price: | Par
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| Payout at maturity: | If worst performing stock finishes at or above final barrier par; 1% loss for every 1% that worst performing stock declines if it ends below final barrier
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| Call: | Automatically at par starting June 21 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent monthly valuation date
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| Initial levels: | $163.98 for Apple, $42.90 for Bank of America, $140.10 for JPMorgan
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| Final barriers: | $98.388 for Apple, $25.740 for Bank of America, $84.060 for JPMorgan, 60% of initial levels
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| Pricing date: | March 18
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| Settlement date: | March 23
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17330APB2
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