By Sarah Lizee
Olympia, Wash., April 22 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% barrier securities due April 20, 2023 linked to the worst performing of the common stocks of JPMorgan Chase & Co. and Morgan Stanley, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 3 times the worst performing stock if both underliers finish above their initial level, capped at $2,010 per $1,000 of notes.
If the worst performer declines, but not more than 5%, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the worst 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: | Barrier securities
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| Underlying stocks: | JPMorgan Chase & Co. and Morgan Stanley
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| Amount: | $500,000
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| Maturity: | April 20, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 3 times return of worst performing stock, capped at $2,010 per $1,000 of notes; par if worst performer declines, but not more than 5%; otherwise full exposure to decline of worst performer
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| Initial stock levels: | $95.515 for JPMorgan, $39.443 for Morgan Stanley
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| Barrier levels: | $90.739 for JPMorgan, $37.471 for Morgan Stanley; 95% of initial levels
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| Strike date: | April 14
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| Pricing date: | April 16
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| Settlement date: | April 20
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17328VVJ6
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