By Wendy Van Sickle
Columbus, Ohio, June 4 – Citigroup Global Markets Holdings Inc. priced $1 million of equity-linked securities due June 1, 2023 tied to the least performing of the shares of Medtronic plc and Stryker Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 8.55% per year, payable monthly.
If the final level of each asset is at least as great as 70% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% loss of the worst-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: | Equity-linked securities
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| Underlying assets: | Medtronic plc and Stryker Corp.
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| Amount: | $1 million
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| Maturity: | June 1, 2023
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| Coupon: | 8.55%, payable monthly
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| Price: | Par
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| Payout at maturity: | If the final level of each asset is at least as great as 70% of its initial level, par; otherwise, investors will lose 1% for each 1% loss of the worst-performing asset
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| Initial levels: | $94.72 for Medtronic, $184.14 for Stryker
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| Buffer levels: | $66.304 for Medtronic, $128.898 for Stryker, 70% of initial levels
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| Pricing date: | May 26
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| Settlement date: | May 29
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17328VQ45
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