By Wendy Van Sickle
Columbus, Ohio, Nov. 30 – Citigroup Global Markets Holdings Inc. priced $6.22 million of autocallable contingent coupon equity-linked securities due Nov. 23, 2022 linked to the least performing of the stocks of Moderna, Inc. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes pay a contingent coupon at the rate of 25% per year if the least-performing stock closes at or above its coupon barrier value, 50% of its initial share price, on the valuation date for that month.
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, 50% of its initial share price, in which case investors will have full exposure to the loss of the worst performing underlying asset.
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: | Moderna, Inc. and Tesla, Inc.
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| Amount: | $6.22 million
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| Maturity: | Nov. 23, 2022
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| Coupon: | 25% per year, payable monthly if least-performing stock closes at or above coupon barrier value on valuation date for that month
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| Price: | Par
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| Payout at maturity: | Par unless least-performing stock finishes below final barrier value, in which case full exposure to loss of worst performing stock
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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: | $97.61 for Moderna, $489.61 for Tesla
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| Coupon barriers: | $48.805 for Moderna, $244.805 for Tesla, or 50% of initial share prices
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| Barrier values: | $48.805 for Moderna, $244.805 for Tesla, or 50% of initial share prices
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| Pricing date: | Nov. 20
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| Settlement date: | Nov. 24
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3.625%
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| Cusip: | 17328Y2N3
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