By William Gullotti
Buffalo, N.Y., Dec. 12 – Citigroup Global Markets Holdings Inc. priced $1.8 million of 0% upturn securities due Oct. 22, 2026 linked to the stock performance of Alphabet Inc. and Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If each stock finishes at or above its initial level, the payout at maturity will be par plus 183% of the laggard stock’s return.
Investors will be fully exposed to any losses of the worst 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: | Upturn securities
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| Underlying stocks: | Amazon.com, Inc., Alphabet Inc.
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| Amount: | $1.8 million
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| Maturity: | Oct. 22, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 183% of the gain of the least performing stock; full exposure to decline of worst performer from its initial level
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| Initial stock levels: | $100.78 for Alphabet, $113.79 for Amazon
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| Pricing date: | Oct. 17
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| Settlement date: | Oct. 20
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17330YBH2
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