By Sarah Lizee
Olympia, Wash., May 8 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% barrier securities due Nov. 4, 2022 linked to the worst performing of the common stocks of Diamondback Energy, Inc. and Marathon Oil 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 times the return of the worst performing stock if it finishes above its initial value, with the payout capped at $4,250 per $1,000 of notes.
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: | Diamondback Energy, Inc. and Marathon Oil Corp.
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Amount: | $500,000
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Maturity: | Nov. 4, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any gain in worst performing stock, capped at $4,250 per $1,000 note; 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: | $42.935 for Diamondback, $5.994 for Marathon
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Barrier values: | $36.495 for Diamondback, $5.095 for Marathon; 85% of initial values
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Strike date: | April 30
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Pricing date: | May 1
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Settlement date: | May 6
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.5%
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Cusip: | 17328VPB0
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