New Issue: Citi sells $3.56 million 16.55% equity-linked securities on Nvidia, Shopify, Trade Desk

By William Gullotti

Buffalo, N.Y., March 29 – Citigroup Global Markets Holdings Inc. priced $3.56 million of equity-linked securities due March 27, 2025 tied to the least performing of the shares of Nvidia Corp, Shopify Inc., and Trade Desk, 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 16.55% per year, payable monthly.

If each stock finishes at or above 80% of its initial level, the payout at maturity will be par plus the final fixed coupon.

Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 20%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying assets:	Nvidia Corp, Shopify Inc., Trade Desk, Inc.
Amount:	$3,563,000
Maturity:	March 27, 2025
Coupon:	16.55%, payable monthly
Price:	Par
Payout at maturity:	If each stock finishes at or above buffer, par plus final fixed coupon; otherwise, lose 1% for each 1% decline of the worst performer beyond 20%
Initial levels:	$261.99 for Nvidia, $45.74 for Shopify, $59.24 for Trade Desk
Buffer levels:	$209.592 for Nvidia, $36.592 for Shopify, $47.392 for Trade Desk; 80% of initial levels
Strike date:	March 21
Pricing date:	March 22
Settlement date:	March 27
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.4%
Cusip:	17331HE28

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