By Kiku Steinfeld
Chicago, March 28 – Citigroup Global Markets Holdings Inc. priced $500,000 of callable contingent coupon equity-linked securities due March 26, 2024 linked to the stocks of Apple Inc. and Goldman Sachs Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes pay a contingent monthly coupon at an annualized rate of 13.45% if the least performing stock closes at or above its coupon barrier level, 70% of its initial level, on the valuation date for that period.
The notes will be callable in whole at par plus any coupon due on any monthly potential redemption date after six months.
If the notes are not redeemed early, the payout will be par plus the return of the least performing stock unless the worst performing stock finishes below 70% of its initial level, in which case investors lose 1% for every 1% decline of the least 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: | Callable contingent coupon equity-linked securities
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| Underlying stocks: | Apple Inc. and Goldman Sachs Group, Inc.
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| Amount: | $500,000
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| Maturity: | March 26, 2024
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| Contingent coupon: | 13.45% per year, payable monthly if stock closes at or above coupon barrier on the valuation date for that period
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| Price: | Par
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| Payout at maturity: | Par plus final coupon unless least performing stock finishes below its final barrier level, in which case investors will lose 1% for every 1% decline of the least performing stock
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| Call option: | In whole at par plus any coupon due on any monthly potential redemption date after six months
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| Initial levels: | $143.43 for Apple, $375.84 for Goldman
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| Coupon barrier levels: | $100.401 for Apple, $263.088 for Goldman; 70% of initial levels
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| Final barrier levels: | $100.401 for Apple, $263.088 for Goldman; 70% of initial levels
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| Pricing date: | Sept. 21
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| Settlement date: | Sept. 24
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17329QPV6
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