By Wendy Van Sickle
Columbus, Ohio, May 14 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% barrier securities due Nov. 17, 2022 linked to the worst performing of the common stocks of AT&T Inc. and Dish Network Corp., 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 3.25 times the return of the worst performing stock if it finishes above its initial value.
If the worst performer finishes flat or declines by up to 15%, the payout will be par.
If the worst performer falls by more than 15%, investors will be fully exposed to the decline of that 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: | AT&T Inc. and Dish Network Corp.
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Amount: | $500,000
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Maturity: | Nov. 17, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3.25 times any gain in worst performing stock; par if worst performer finishes flat or falls by up to 15%; otherwise full exposure to decline of worst performer
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Initial values: | $29.539 for AT&T, $25.94 for Dish
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Barrier values: | $25.108 for AT&T, $22.049 for Dish; 85% of initial values
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Strike date: | May 11
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Pricing date: | May 12
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Settlement date: | May 15
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.5%
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Cusip: | 17328VQF0
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