By Marisa Wong
Los Angeles, Aug. 17 – Citigroup Global Markets Holdings Inc. priced $2 million of 0% barrier securities due Aug. 17, 2023 linked to the worst performing of the common stock of Charles Schwab Corp. and the S&P 500 Equal Weight index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the worst performing underlying finishes above its initial value, the payout at maturity will be par plus 2.015 times the gain of that underlying.
If the final value of the worst performing underlying is less than or equal to its initial value but greater than or equal to its barrier value, 80% of the initial value, the payout will be par.
If the final value of the worst performing underlying is less than the barrier value, investors will be fully exposed to the decline of that underlying.
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: | Barrier securities
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| Underlyings: | Charles Schwab Corp. (Symbol: SCHW) and S&P 500 Equal Weight index
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| Amount | $2 million
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| Maturity: | Aug. 17, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2.015 times any gain in the worst performing underlying; par if the worst performing underlying finishes at or below its initial value but at or above its barrier value otherwise, full exposure to the decline of the worst performing underlying
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| Initial values: | $34.96 for stock, 4,484.69 for index
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| Barrier values: | $27.968 for stock, 3,587.752 for index; 80% of initial values
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| Strike date: | Aug. 11
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| Pricing date: | Aug. 12
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| Settlement date: | Aug. 17
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.3%
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| Cusip: | 17328W7A0
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