By Wendy Van Sickle
Columbus, Ohio, Jan. 13 – Citigroup Global Markets Holdings Inc. priced $3.73 million of autocallable contingent coupon equity-linked securities due Jan. 4, 2022 linked to the least performing of the common stocks of DocuSign, Inc., salesforce.com, inc. and VMware, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 12.7% if each underlying stock closes at or above its 60% coupon barrier on the observation date for that quarter.
The notes will be called at par if each stock closes at or above 100% of its initial level on any quarterly call observation date after six months.
The payout at maturity will be par plus the coupon unless any stock finishes below its 60% trigger level, in which case investors will have full exposure to the loss of the least-performing stock.
The notes are guaranteed by Citigroup Inc.
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: | Autocallable contingent coupon equity-linked securities
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| Underlying stocks: | DocuSign, Inc., salesforce.com, inc. and VMware, Inc.
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| Amount: | $3.73 million
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| Maturity: | Jan. 4, 2022
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| Coupon: | 12.7% annualized, payable quarterly if each stock closes at or above 60% coupon barrier on review date for that period
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above 60% trigger level, par plus coupon; otherwise, full exposure to loss of least performing stock
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| Call: | At par if each stock closes at or above 100% of its initial level on any quarterly call observation date after six months
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| Initial levels: | $228.16 for DocuSign, $222.46 for salesforce and $139.42 for VMware
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| Barrier levels: | $136.896 for DocuSign, $133.476 for salesforce and $83.652 for VMware; 60% of initial levels
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| Pricing date: | Dec. 29
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| Settlement date: | Dec. 31
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.35%
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| Cusip: | 17328YD43
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