New York, Sept. 28 – Citigroup Global Markets Holdings Inc. priced $6.05 million of autocallable contingent coupon equity linked securities due Sept. 25, 2025 linked to the Energy Select Sector SPDR Fund and 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 12.15%, paid monthly, if the worst performing ETF closes at or above its 60% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing price of the worst performing ETF is greater than or equal to its initial price on any monthly valuation date starting Dec. 22.
If the worst performing ETF finishes at or above its 60% final barrier, the payout at maturity will be par. Otherwise, investors will lose 1% loss for every 1% that the worst performing ETF declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Autocallable contingent coupon equity linked securities
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Underlying ETFs: | Energy Select Sector SPDR Fund and SPDR S&P Oil & Gas Exploration & Production ETF
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Amount: | $6.05 million
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Maturity: | Sept. 25, 2025
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Coupon: | 12.15%, paid monthly if the worst performing ETF closes at or above its 60% coupon barrier on the related valuation date
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Price: | Par
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Payout at maturity: | If worst performing ETF finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing ETF declines from initial level
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Call: | Automatically at par if the closing price of the worst performing ETF is greater than or equal to its initial price on any monthly valuation date starting Dec. 22
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Initial levels: | $89.31 for Energy Select Sector SPDR Fund, $143.42 for SPDR S&P Oil & Gas Exploration & Production ETF
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Coupon barriers: | $53.586 for Energy Select Sector SPDR Fund, $86.052 for SPDR S&P Oil & Gas Exploration & Production ETF, 60% of initial levels
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Final barriers: | $53.586 for Energy Select Sector SPDR Fund, $86.052 for SPDR S&P Oil & Gas Exploration & Production ETF, 60% of initial levels
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Pricing date: | Sept. 22
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Settlement date: | Sept. 27
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.65%
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Cusip: | 17291QCH5
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