New York, April 25 – Citigroup Global Markets Holdings Inc. priced $10.61 million of contingent income autocallable securities due April 22, 2027 linked to the common stock of Valero Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.2%, paid quarterly, if the underlying stock closes at or above its 65% downside threshold on the related quarterly observation date.
The securities will be called automatically starting July 19 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the stock closes below its 65% downside threshold level in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley will act as distributor.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Valero Energy Corp.
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| Amount: | $10,611,000
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| Maturity: | April 22, 2027
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| Coupon: | 12.2%, paid quarterly, if the underlying stock closes at or above its 65% downside threshold on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically starting July 19 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date
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| Initial level: | $163.89
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| Downside threshold: | $106.529, 65% of initial level
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| Pricing date: | April 19
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| Settlement date: | April 24
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| Agent: | Citigroup Global Markets Inc.
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| Distributor: | Morgan Stanley
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| Fees: | 2.25%
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| Cusip: | 17331A5L1
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