By Kiku Steinfeld
Chicago, Dec. 13 – Citigroup Global Markets Holdings Inc. priced $714,000 of callable contingent coupon equity linked securities due April 22, 2027 linked to the Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7% paid quarterly if the worst performing index closes at or above its 60% final barrier on the related valuation date.
The securities may be called at par starting July 18 and on any subsequent quarterly review date.
The payout at maturity will be par if the worst performing index ends at or above its 60% final barrier. Otherwise investors will lose 1% for every 1% that the worst performing index declines.
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: | Callable contingent coupon equity linked securities
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| Underlying indexes: | Dow Jones industrial average and S&P 500 index
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| Amount: | $714,000
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| Maturity: | April 22, 2027
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| Coupon: | 7% paid quarterly if the worst performing index closes at or above its 60% final barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above final barrier par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
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| Call: | At par starting July 18 and on any subsequent quarterly review date
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| Initial levels: | 34,411.69 for Dow, 4,391.69 for S&P
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| Final barriers: | 20,647.014 for Dow, 2,635.014 for S&P, 60% of initial levels
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| Pricing date: | April 18
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| Settlement date: | April 21
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17330F3P4
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