By Wendy Van Sickle
Columbus, Ohio, Dec. 9 – Citigroup Global Markets Holdings Inc. priced $4.29 million of autocallable contingent coupon equity-linked securities due Nov. 29, 2023 linked to the least performing of the stocks of Amazon.com, Inc. and Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at the annual rate of 8.5% per year if the least-performing stock closes at or above its coupon barrier value, 68% of its initial share price, on the valuation date for that period.
The notes will be automatically called at par if the least-performing stock closes at or above its initial price on any quarterly call valuation date.
The payout at maturity will be par unless the least-performing stock finishes below its final barrier value, 68% of its initial share price, in which case investors will receive a number of shares of the worst performing stock equal to $5,000 divided by that stock’s initial share price.
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: | Amazon.com, Inc. and Walt Disney Co.
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| Amount: | $4.29 million
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| Maturity: | Nov. 29, 2023
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| Coupon: | 8.5% per year, payable quarterly if least-performing stock closes at or above coupon barrier value on valuation date for that period
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| Price: | Par of $5,000
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| Payout at maturity: | Par unless least-performing stock finishes below final barrier value, in which case number of shares of worst performing stock equal to $5,000 divided by that stock’s initial share price
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| Call: | Automatically at par if the least-performing stock closes at or above its initial price on any quarterly call valuation date
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| Initial share prices: | $3,118.06 for Amazon.com and $151.49 for Disney
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| Coupon barriers: | $2,120.81 for Amazon.com and $103.013 for Disney, or 68% of initial share prices
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| Final barrier value: | $2,120.81 for Amazon.com and $103.013 for Disney, or 68% of initial share prices
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| Pricing date: | Nov. 24
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| Settlement date: | Nov. 30
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17324X4Y3
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