By Kiku Steinfeld
Chicago, Oct. 5 – Citigroup Global Markets Holdings Inc. priced $559,000 of autocallable contingent coupon equity-linked securities due Sept. 30, 2021 linked to salesforce.com, inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.5% if the stock closes at or above its 67% coupon barrier on the review date for that quarter.
The notes will be called at par if the stock closes at or above its initial level on Dec. 28, March 25 or June 25, 2021.
The payout at maturity will be par unless the stock finishes below its 67% barrier level, in which case investors will receive a fixed number of shares of the worst performing stock equal to its equity ratio or cash value.
The notes are guaranteed by Citigroup Global Markets Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stock: | salesforce.com, inc.
|
| Amount: | $559,001
|
| Maturity: | Sept. 30, 2021
|
| Coupon: | 7.5% annualized, payable quarterly if stock closes at or above 67% coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless stock finishes below 67% barrier, in which case a fixed number of shares of worst performing stock equal to its equity ratio or cash value
|
| Call: | At par if stock closes at or above its initial level on Dec. 28, March 25 or June 25, 2021
|
| Initial level: | $242.74
|
| Barrier level: | $162.636, 67% of initial level
|
| Equity ratio: | 4.11963
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17324X2U3
|
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