By Wendy Van Sickle
Columbus, Ohio, Nov. 25 – Citigroup Global Markets Holdings Inc. priced $5.36 million autocallable contingent coupon equity-linked securities due Nov. 23, 2029 tied 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 quarterly contingent coupon at an 8.5% annualized rate if the index closes above its 60% coupon barrier value on the relevant valuation date.
The notes will be automatically called at par plus the coupon if the index closes above its initial level on any quarterly valuation date.
The payout at maturity will be par if the index finishes above its 60% final barrier value. Otherwise, investors will be fully exposed to the index decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying index: | Euro Stoxx Banks
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| Amount: | $5,359,000
|
| Maturity: | Nov. 23, 2029
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| Coupon: | 8.5% annual rate, payable quarterly if index closes above 60% coupon barrier value on relevant valuation date
|
| Price: | Par
|
| Payout at maturity: | Par if index finishes above 60% barrier value, full exposure to the losses of the index
|
| Call: | Automatically at par plus the coupon if index closes above initial level on quarterly valuation date
|
| Initial price: | 93.2
|
| Coupon barrier: | 55.92, 60% of initial level
|
| Final barrier value: | 55.92, 60% of initial level
|
| Pricing date: | Nov. 20
|
| Settlement date: | Nov. 22
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 4.5%
|
| Cusip: | 17327TEN2
|
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