New York, Oct. 19 – Citigroup Global Markets Holdings Inc. priced $1.21 million of 13.3% autocallable phoenix securities due Oct. 2, 2025 linked to the common stock of lululemon athletica inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a coupon of 13.3%, paid monthly, if the stock closes at or above its 70% coupon barrier on the related valuation date, plus any previously unpaid coupons.
They will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date.
The payout at maturity will be par if the stock finishes at or above its 70% final barrier. Otherwise, investors will lose 1% for each 1% that the stock’s final level is less than its initial level.
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 phoenix securities
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| Underlying stock: | lululemon athletica inc.
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| Amount: | $1,211,000
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| Maturity: | Oct. 2, 2025
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| Coupon: | 13.3%, paid monthly, if the stock closes at or above its 70% coupon barrier on the related valuation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier, par; otherwise, lose 1% for each 1% that the stock’s final level is less than its initial level
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| Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date
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| Initial level: | $385.61
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| Final barrier: | $269.927, 70% of initial level
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| Coupon barrier: | $269.927, 70% of initial level
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| Pricing date: | Sept. 29
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| Settlement date: | Oct. 4
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17291QQY3
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