New Issue: Citigroup sells $2 million 6.6% equity-linked securities on three stocks

By William Gullotti

Buffalo, N.Y., May 23 – Citigroup Global Markets Holdings Inc. priced $2 million of equity-linked securities due May 23, 2023 tied to the least performing of the shares of Berkshire Hathaway Inc., Johnson & Johnson, and McDonald’s Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of 6.6% per year, payable monthly.

If each stock finishes at or above 55% of its initial level, the payout at maturity will be par plus the final fixed coupon. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying assets:	Berkshire Hathaway Inc., Johnson & Johnson, McDonald’s Corp.
Amount:	$2 million
Maturity:	May 23, 2023
Coupon:	6.6%, payable monthly
Price:	Par
Payout at maturity:	If each stock finishes at or above barrier, par plus final fixed coupon; otherwise, full exposure to decline of worst performer from its initial level
Initial levels:	$314.60 for Berkshire, $178.82 for J&J, $241.63 for McDonald’s
Barrier levels:	$173.03 for Berkshire, $98.351 for J&J, $132.897 for McDonald’s; 55% of initial levels
Strike date:	May 17
Pricing date:	May 18
Settlement date:	May 23
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.2%
Cusip:	17330FY54

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