By Kiku Steinfeld
Chicago, June 23 – Citigroup Global Markets Holdings Inc. priced $500,000 of autocallable contingent coupon equity-linked securities due June 14, 2024 linked to the worst performing of the stocks of Anheuser-Busch InBev Sa/Nv, Constellation Brands, Inc. and Molson Coors Beverage Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 9.35% if each stock closes at or above its coupon barrier price, 70% of its initial share price, on the valuation date for that period.
The notes will be automatically called at par plus the coupon if each stock closes at above 90% of its initial share price on any quarterly valuation date after six months.
If the notes are not called and each stock finishes at or above its final barrier price, 70% of its initial share price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the losses of the worst performer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stocks: | Anheuser-Busch InBev Sa/Nv, Constellation Brands, Inc. and Molson Coors Beverage Co.
|
| Amount: | $500,000
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| Maturity: | June 14, 2024
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| Coupon: | 9.35% annualized rate, payable quarterly if each stock closes at or above coupon barrier price on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par if each stock closes at or above final barrier price; otherwise, full exposure to losses of worst performer
|
| Call: | Automatically at par plus coupon if each stock closes at or above 90% of its initial level on any quarterly valuation date after six months
|
| Initial share prices: | $78.16 for Anheuser, $237.89 for Constellation and $59.96 for Molson Coors
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| Coupon barrier prices: | $54.712 for Anheuser, $166.523 for Constellation and $41.972 for Molson Coors; 70% of initial share prices
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| Final barrier prices: | $54.712 for Anheuser, $166.523 for Constellation and $41.972 for Molson Coors; 70% of initial share prices
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| Pricing date: | June 11
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| Settlement date: | June 16
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.75%
|
| Cusip: | 17329FWW0
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