By Wendy Van Sickle
Columbus, Ohio, May 29 – Citigroup Global Markets Holdings Inc. priced $1 million of equity-linked securities due Nov. 28, 2022 tied to the common stocks of Starbucks Corp. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 9.15% per year, payable monthly.
IF the final price of each stock is at least 60% of its initial price, the payout at maturity will be par. Otherwise, investors will be exposed to the decline of the lesser-performing stock from its initial share price.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Equity-linked securities
|
| Underlying stocks: | Apple Inc. and Starbucks Corp.
|
| Amount: | $1 million
|
| Maturity: | Nov. 28, 2022
|
| Coupon: | 9.15%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if each stock’s final price is at least 60% of initial price; otherwise, full exposure to decline of lesser-performing stock from its initial share price
|
| Initial prices: | $78.05 for Starbucks, $316.85 for Apple
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| Downside thresholds: | $46.83 for Starbucks, $190.11 for Apple; 60% of initial prices
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| Pricing date: | May 22
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| Settlement date: | May 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
|
| Cusip: | 17328VRM4
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