By Wendy Van Sickle
Columbus, Ohio, June 2 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% barrier securities due Dec. 2, 2021 linked to the common stock of Peloton Interactive, Inc., 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 2 times any share price gain, with the payout capped at $1,150 per $1,000 of notes.
If the stock finishes flat or declines by up to 10%, the payout will be par.
If the stock falls by more than 10%, investors will be fully exposed to the share price decline.
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 stock: | Peloton Interactive, Inc. (Symbol: PTON)
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| Amount: | $1 million
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| Maturity: | Dec. 2, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any share price gain, capped at par plus 15%; par if stock finishes flat or falls by up to 10%; otherwise full exposure to share price decline
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| Initial price: | $40.082
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| Barrier price: | $36.025, 90% of initial price
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| Strike date: | May 27
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| Pricing date: | May 28
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| Settlement date: | June 2
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.23%
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| Cusip: | 17328VLD0
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