By William Gullotti
Buffalo, N.Y., Feb. 17 – Citigroup Global Markets Holdings Inc. priced $2.25 million of 12% autocallable equity-linked securities due Feb. 18, 2025 tied to the stocks of Capital One Financial Corp., Microsoft Corp. and Moderna, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Interest is payable monthly.
The notes will be automatically redeemed at par plus the interest payment if each stock closes at or above the initial level on any monthly observation date after three months.
If each stock’s final level is greater than or equal to its final barrier value, 60% of initial value, the payout at maturity will be par plus the final interest payment.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial value.
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 equity-linked securities
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| Underlying stocks: | Capital One Financial Corp., Microsoft Corp., Moderna, Inc.
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| Amount: | $2,245,000
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| Maturity: | Feb. 18, 2025
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| Coupon: | 12%, payable monthly
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| Price: | Par
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| Payout at maturity: | If each stock’s final level is greater than or equal to its final barrier value, par plus final coupon; otherwise, investors will be fully exposed to the decline of the worst performer from its initial value
|
| Call: | At par plus coupon if each stock closes at or above its initial level on any monthly observation date after three months
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| Initial values: | $156.00 for Capital One, $295.04 for Microsoft, $161.32 for Moderna
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| Final barrier values: | $93.60 for Capital One, $177.024 for Microsoft, $96.792 for Moderna; 60% of initial values
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| Pricing date: | Feb. 11
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| Settlement date: | Feb. 16
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3.25%
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| Cusip: | 17330ADA7
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