Chicago, Sept. 26 – Citigroup Global Markets Holdings Inc. priced $872,000 of autocallable contingent coupon equity-linked securities due Feb. 6, 2025 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.34% paid quarterly if the stock closes at or above its 80% coupon barrier on the related valuation date. Previously unpaid coupons will also be paid.
The securities will be called automatically starting Aug. 2 at par if the level of the stock is greater than or equal to its initial level and on any subsequent quarterly review date.
The payout at maturity will be par if the stock ends at or above its 60% final barrier. Otherwise, investors will lose 1% for every 1% that the stock declines, payable in cash or shares at the issuer’s option.
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 stock: | Apple Inc.
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| Amount: | $872,000
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| Maturity: | Feb. 6, 2025
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| Coupon: | 8.34% annual rate, paid quarterly if the stock closes at or above its 80% coupon barrier on the related valuation date; previously unpaid coupons will also be paid
|
| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier
|
| Call: | Automatically at par starting Aug. 2 if the level of the stock is greater than or equal to its initial level and on any subsequent quarterly review date
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| Initial level: | $175.84
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| Coupon barrier: | $140.672, 80% of initial level
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| Final barrier: | $105.504, 60% of initial level
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| Pricing date: | Feb. 2
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| Settlement date: | Feb. 7
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.25%
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| Cusip: | 17330A4Y5
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