By Sarah Lizee
Olympia, Wash., April 20 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% barrier securities due April 14, 2022 linked to the worst performing of the common stocks of Home Depot, Inc. and Kohl's Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 340% of the worst performing stock if both underliers finish above their initial level.
If the worst performer declines, but not more than 15%, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing stock.
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 stocks: | Home Depot, Inc. and Kohl's Corp.
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| Amount: | $500,000
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| Maturity: | April 14, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 340% of return of worst performing stock; par if worst performer declines, but not more than 15%; otherwise full exposure to decline of worst performer
|
| Initial stock levels: | $195.696 for Home Depot, $17.435 for Kohl’s
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| Barrier levels: | $166.341 for Home Depot, $14.819 for Kohl’s; 85% of initial levels
|
| Strike date: | April 8
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| Pricing date: | April 9
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| Settlement date: | April 15
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.4%
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| Cusip: | 17328VPX2
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