Chicago, Dec. 15 – Citigroup Global Markets Holdings Inc. priced $285,000 of autocallable contingent coupon equity linked securities due April 11, 2025 linked to the worst performing of the common stocks of Amazon.com, Inc. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15.05% paid quarterly if the worst performing stock closes at or above its 75% final barrier on the related valuation date.
The securities will be called automatically at par starting July 8 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent quarterly valuation date.
If the worst performing stock finishes at or above its 75% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing stock 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: | Autocallable contingent coupon equity linked securities
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| Underlying stocks: | Amazon.com, Inc. and Apple Inc.
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| Amount: | $285,000
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| Maturity: | April 11, 2025
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| Coupon: | 15.05% annual rate, paid quarterly if the worst performing stock closes at or above its 75% final barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing stock finishes at or above final barrier par; 1% loss for every 1% that worst performing stock declines if it ends below final barrier
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| Call: | Automatically at par starting July 8 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent quarterly valuation date
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| Initial levels: | $3,089.21 for Amazon, $170.09 for Apple
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| Final barriers: | $2,316.908 for Amazon, $127.568 for Apple, 75% of initial levels
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| Pricing date: | April 8
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| Settlement date: | April 13
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17330F2J9
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