By Kiku Steinfeld
Chicago, June 16 – Citigroup Global Markets Holdings Inc. priced $524,000 of autocallable contingent coupon equity-linked securities due June 14, 2024 linked to the stocks of Datadog, Inc., Louisiana-Pacific Corp. and Teladoc Health, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 17% if each stock closes at or above its barrier price, 50% of its initial price, on the determination date for that period, plus any previously unpaid coupon.
The notes will be automatically called at par plus the contingent coupon if each stock closes at or above its initial share price on any quarterly potential autocall date.
If the notes are not called and the final share price of each stock is greater than or equal to its final barrier price, 50% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the share price of the least performing stock.
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: | Datadog, Inc., Louisiana-Pacific Corp. and Teladoc Health, Inc.
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| Amount: | $524,000
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| Maturity: | June 14, 2024
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| Coupon: | 17% per year, payable quarterly if each stock closes at or above its coupon barrier price on the determination date for that period, plus any previously unpaid coupon
|
| Price: | Par
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| Payout at maturity: | Par if each stock finishes at or above 50% of its initial share price; otherwise, full exposure to decline of least performing stock
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| Call: | Automatically at par plus contingent coupon if each stock closes at or above its initial share price on any quarterly call observation date
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| Initial share prices: | $94.50 for | Datadog, $59.91 for Louisiana-Pacific and $154.29 for Teladoc
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| Coupon barrier prices: | $47.25 for | Datadog, $29.955 for Louisiana-Pacific and $77.145 for Teladoc; 50% of initial levels
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| Final barrier prices: | $47.25 for | Datadog, $29.955 for Louisiana-Pacific and $77.145 for Teladoc; 50% of initial levels
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| Pricing date: | June 11
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| Settlement date: | June 16
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17329FUS1
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