Chicago, June 8 – Citigroup Global Markets Holdings Inc. priced $780,000 of 0% autocallable securities due Nov. 29, 2024 tied to the stock performance of Upstart Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the stock closes at or above of its initial level on any quarterly valuation date after six months, the notes will be called at par plus an annualized call premium of 34.5%.
If the stock finishes at or above its initial level, the payout at maturity will be par plus 103.5%.
If the stock declines but finishes at or above the 60% final barrier, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the stock from its initial level.
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: | Autocallable securities
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| Underlying stock: | Upstart Holdings, Inc.
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| Amount: | $780,000
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| Maturity: | Nov. 29, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the stock finishes at or above its initial level, par plus 103.5%; if the stock declines but finishes at or above the 60% final barrier, par; otherwise, investors will lose 1% for each 1% decline from initial level
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| Call: | If the stock closes at or above its initial level on any quarterly valuation date after six months, at par plus an annualized call premium of 34.5%
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| Initial level: | $207.60
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| Final barrier: | $124.56; 60% of initial level
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| Pricing date: | Nov. 24, 2021
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| Settlement date: | Nov. 30, 2021
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17329UN80
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