Chicago, Sept. 11 – Citigroup Global Markets Holdings Inc. priced $2.16 million of market-linked securities that are autocallable with contingent coupon and contingent downside due Aug. 27, 2026 linked to the Energy Select Sector SPDR Fund and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.9%, paid quarterly, if the worst performing ETF closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing price of the worst performing ETF is greater than or equal to its initial price on any quarterly valuation date starting after six months.
If the worst performing ETF finishes at or above its 70% final barrier, the payout at maturity will be par. Otherwise, investors will lose 1% loss for every 1% that the worst performing ETF declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities – autocallable with contingent coupon and contingent downside
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| Underlying ETFs: | Energy Select Sector SPDR Fund and SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $2,156,000
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| Maturity: | Aug. 27, 2026
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| Coupon: | 12.9% annual rate, paid quarterly if the worst performing ETF closes at or above its 70% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing ETF declines from initial level
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| Call: | Automatically at par if the closing price of the worst performing ETF is greater than or equal to its initial price on any quarterly valuation date starting after six months
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| Initial levels: | $88.18 for energy, $146.81 for oil
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| Coupon barriers: | $61.726 for energy, $102.767 for oil; 70% of initial levels
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| Final barriers: | $61.726 for energy, $102.767 for oil; 70% of initial levels
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| Pricing date: | Aug. 28
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| Settlement date: | Aug. 31
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| Agent: | Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
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| Fees: | 2.425%
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| Cusip: | 17291QBC7
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