New York, Dec. 28 – Citigroup Global Markets Holdings Inc. priced $504,000 of callable contingent coupon equity linked securities due May 1, 2025 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.55% per year, paid quarterly, if the ETF closes at or above its 50% coupon barrier on the related valuation date.
The securities may be called at par on any quarterly review date starting Oct. 28.
The payout at maturity will be par if the ETF ends at or above its 50% final barrier. Otherwise, investors will receive a number of shares equal to $1,000 divided by the ETF’s initial level or, at the issuer’s option, the cash equivalent.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Callable contingent coupon equity linked securities
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| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $504,000
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| Maturity: | May 1, 2025
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| Coupon: | 13.55% per year, paid quarterly if the ETF closes at or above its 50% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above final barrier, par; otherwise, receive 7.38989 shares per note or the cash equivalent, at the issuer’s option
|
| Call option: | At par on any quarterly review date starting Oct. 28
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| Initial level: | $135.32
|
| Coupon barrier: | $67.66, 50% of initial level
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| Final barrier: | $67.66, 50% of initial level
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| Pricing date: | April 28
|
| Settlement date: | May 3
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.75%
|
| Cusip: | 17330DDN3
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