By Sarah Lizee
Olympia, Wash., March 5 – Citigroup Global Markets Holdings Inc. priced $5.23 million of autocallable contingent coupon equity-linked securities due Feb. 28, 2030 linked to the Euro Stoxx Banks index, 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 coupon at an annualized rate of 8% if the index closes at or above the coupon barrier level, 70% of the initial level, on the valuation date for that period.
The notes will be automatically called at par plus the contingent coupon if the index closes at or above 90% of the initial level on any valuation date.
If the notes are not called, the payout at maturity will be par unless the index finishes below the 50% final barrier level, in which case investors will be fully exposed to the loss.
Citigroup Global Markets Inc. is the underwriter.
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 index: | Euro Stoxx Banks
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Amount: | $5,232,000
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Maturity: | Feb. 28, 2030
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Coupon: | 8% per year, payable quarterly if closing level of index is greater than or equal to coupon barrier level on valuation date for that period
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Price: | Par
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Payout at maturity: | Par unless index finishes below final barrier level, in which case, full exposure to loss
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Call: | At par plus contingent coupon if closing share level is greater than or equal to 90% of initial share level on any valuation date
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Initial share level: | 91.28
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Call level: | 82.152, 90% of initial level
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Coupon barrier: | 63.896, 70% of initial level
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Barrier level: | 45.640, 50% of initial share level
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Pricing date: | Feb. 25
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Settlement date: | Feb. 28
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 4.5%
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Cusip: | 17327T4R4
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