By Kiku Steinfeld
Chicago, Aug. 4 – Citigroup Global Markets Holdings Inc. priced $255,000 of 0% barrier securities due Jan. 16, 2024 linked to the worst performing of the Health Care Select Sector SPDR fund and Teladoc Health, Inc., 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 asset is greater than or equal to its initial level, the payout at maturity will be par plus 3.47 times the return of that asset.
If the final level of the worse performing asset is less than its initial level but greater than or equal to its 70% barrier level, the payout will be par.
If the final level of the worse performing asset is less than the 70% barrier level, investors will be fully exposed to the decline of the worse performing asset.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Barrier securities
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| Underlying assets: | Health Care Select Sector SPDR fund and Teladoc Health, Inc.
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| Amount: | $255,000
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| Maturity: | Jan. 16, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final level of the worse performing asset is greater than or equal to its initial level, par plus 3.47 times the return of that asset; if the final level of the worse performing asset 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 asset
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| Initial levels: | $82.18 for stock, $134.35 for ETF
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| Barrier levels: | $57.526 for stock, $94.045 for ETF; 70% of initial levels
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| Pricing date: | Jan. 10
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| Settlement date: | Jan. 13
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.4%
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| Cusip: | 17329UUL3
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