Chicago, Sept. 21 – Citigroup Global Markets Holdings Inc. priced $600,000 of autocallable contingent coupon equity linked securities due Feb. 3, 2025 linked to the worst performing of the Invesco QQQ Trust, series 1 and SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.5% paid quarterly if the worst performing ETF closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically at par if the price of the worst performing ETF is greater than or equal to its initial price on any quarterly review date.
The payout at maturity will be par if the final values of both ETFs finish above 60% of their initial levels.
Otherwise, investors will be fully exposed to the losses of the worst performer, payable in shares or cash at the issuer’s option.
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: | Invesco QQQ Trust, Series 1 and SPDR S&P 500 ETF Trust
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| Amount: | $600,000
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| Maturity: | Feb. 3, 2025
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| Coupon: | 8.5% annual rate, paid quarterly if the worst performing ETF closes at or above its 70% coupon barrier on the related valuation date
|
| Price: | Par
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| Payout at maturity: | Par if both ETFs close above final barrier levels; otherwise, full exposure to losses of worst performer, payable in shares or cash at the issuer’s option
|
| Call: | Automatically at par if the price of the worst performing ETF is greater than or equal to its initial price on any quarterly review date
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| Initial levels: | $344.57 for QQQ, $433.38 for SPDR
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| Coupon barriers: | $241.199 for QQQ, $303.366 for SPDR, 70% of initial levels
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| Final barriers: | $206.742 for QQQ, $260.028 for SPDR, 60% of initial levels
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| Strike date: | Jan. 26
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| Pricing date: | Jan. 27
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| Settlement date: | Feb. 3
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17328NY36
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