Chicago, March 4 – Citigroup Global Markets Holdings Inc. priced $1 million of autocallable contingent coupon equity-linked securities due Aug. 31, 2027 tied to the least performing of the SPDR S&P oil & gas exploration & production exchange-traded fund and the S&P 500 Dynamic Participation index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a 12.75% contingent monthly coupon if the worst performer closes above 80% of its initial value on a relevant valuation date.
The notes are subject to automatic redemption after one year at par plus the coupon if the worst performer finishes above its initial level on a monthly valuation date.
If the final level of each asset is at least as great as 80% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the loss of the worst-performing asset beyond 20%.
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 equity-linked securities
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| Underlying assets: | SPDR S&P oil & gas exploration & production ETF and the S&P 500 Dynamic Participation index
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| Amount: | $1,000,000
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| Maturity: | Aug. 31, 2027
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| Coupon: | 12.75%, payable monthly if each underlier closes above coupon barrier value
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| Price: | Par
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| Payout at maturity: | If the final level of each asset is at least as great as 80% of its initial level, par; otherwise, investors will be fully exposed to the loss of the worst-performing asset beyond 20%
|
| Call: | Automatically at par plus coupon if each underlier closes above initial level on any related monthly valuation date after one year
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| Initial levels: | $15.87 for ETF, 507.19 for index
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| Coupon barrier levels: | $12.696 for ETF, 405.752 for index, 80% of initial levels
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| Barrier values: | $12.696 for ETF, 405.752 for index, 80% of initial levels
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| Pricing date: | Feb. 26
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| Settlement date: | March 2
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17328V6H8
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