By Wendy Van Sickle
Columbus, Ohio, Jan. 30 – Citigroup Global Markets Holdings Inc. priced $1.2 million of 0% market-linked securities – autocallable with contingent coupon and contingent downside due Jan. 22, 2027 linked to the stock performance of Amazon.com, Inc., Shopify Inc. and Target Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly interest payment at the rate of 18% per year if each stock closes at or above the coupon barrier level, 60% of the initial level, on the observation date for that period.
The notes will be automatically called at par plus coupon if each stock closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the final coupon if each stock finishes at or above its coupon barrier.
Otherwise, investors will lose 1% for every 1% that the worst performer declines from its initial level.
Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities – autocallable with contingent coupon and contingent downside
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| Underlying stocks: | Amazon.com, Inc., Shopify Inc. and Target Corp.
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| Amount: | $1,201,000
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| Maturity: | Jan. 22, 2027
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| Coupon: | 18% annual rate, payable quarterly if each stock closes at or above coupon barrier level on the relevant observation date
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| Price: | Par
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| Payout at maturity: | Par plus final coupon if each stock finishes at or above coupon barrier; otherwise, full exposure to decline of worst performer from initial level
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| Call: | Automatically at par plus coupon if each stock closes at or above initial level on any quarterly observation date after six months
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| Initial levels: | $155.34 for Amazon, $80.01 for Shopify, $138.14 for Target
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| Coupon barriers: | $93.204 for Amazon, $48.006 for Shopify, $82.884 for Target; 60% of initial levels
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| Threshold levels: | $93.204 for Amazon, $48.006 for Shopify, $82.884 for Target; 60% of initial levels
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
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| Fees: | 2.325%
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| Cusip: | 17291TT32
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