Chicago, April 22 – Citigroup Global Markets Holdings Inc. priced $500,000 of autocallable contingent coupon equity-linked securities due Jan. 28, 2027 linked to the worst performing of the stocks of Bank of America Corp. and JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.75% paid quarterly if the worst performing stock closes at or above its 75% coupon barrier on the related valuation date.
The securities will be called automatically starting after six months if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent quarterly valuation date.
If the worst performing stock finishes at or above its 75% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing stock declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Autocallable contingent coupon equity-linked securities
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Underlying stocks: | Bank of America Corp. and JPMorgan Chase & Co.
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Amount: | $500,000
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Maturity: | Jan. 28, 2027
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Coupon: | 13.75% annual rate, paid quarterly if the worst performing stock closes at or above its 75% coupon barrier on the related valuation date
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Price: | Par
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Payout at maturity: | If worst performing stock finishes at or above final barrier par; 1% loss for every 1% that worst performing stock declines if it ends below final barrier
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Call: | Automatically starting after six months if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent quarterly valuation date
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Initial levels: | $32.77 for BofA, $168.99 for JPMorgan
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Coupon barriers: | $24.578 for BofA, $126.743 for JPMorgan, 75% of initial levels
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Final barriers: | $24.578 for BofA, $126.743 for JPMorgan, 75% of initial levels
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Strike date: | Jan. 23
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Pricing date: | Jan. 24
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Settlement date: | Jan. 29
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.6%
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Cusip: | 17291LEW1
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