By Kiku Steinfeld
Chicago, May 19 – Citigroup Global Markets Holdings Inc. priced $1.17 million of autocallable contingent coupon equity-linked notes due Oct. 18, 2024 linked to the common stock of Advanced Micro Devices, Inc., 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 payment at an annualized rate of 8.25% if the shares close at or above its 70% coupon barrier level on the observation date for that quarter.
The notes will be automatically called at par plus the contingent coupon if the stock closes at or above the initial price on any quarterly determination date after six months.
The payout at maturity will be par plus the final coupon unless the shares finish below the 70% barrier level, in which case investors will be exposed to any declines.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Autocallable contingent coupon equity-linked notes
|
Underlying stock: | Advanced Micro Devices, Inc.
|
Amount: | $1,166,000
|
Maturity: | Oct. 18, 2024
|
Coupon: | 8.25%, payable quarterly if stock closes at or above coupon barrier price on any valuation date for that quarter
|
Price: | Par
|
Payout at maturity: | If final share price is at least 70% of initial share price, par plus contingent coupon; otherwise, full exposure to decline in share price
|
Call: | Automatically at par plus contingent coupon if shares close at or above initial share price on any quarterly determination date after six months
|
Initial share price: | $112.12
|
Coupon barrier price: | $67.272; 60% of initial level
|
Final barrier price: | $67.272; 60% of initial level
|
Pricing date: | Oct. 15, 2021
|
Settlement date: | Oct. 20, 2021
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 2.5%
|
Cusip: | 17329UE56
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.