New York, March 30 – Citigroup Global Markets Holdings Inc. priced $12.5 million of contingent income autocallable securities due Sept. 28, 2026 linked to the common stock of Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 18.6%, paid quarterly, if the underlying stock closes at or above its 60% downside threshold on the related quarterly observation date.
The securities will be called automatically at par if the shares close at or above their initial level on any quarterly determination date.
At maturity the payout will be par unless the stock closes below its 60% 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.
| 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: | Charles Schwab Corp.
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| Amount: | $12,504,120
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| Maturity: | Sept. 28, 2026
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| Coupon: | 18.6%, paid quarterly, if the underlying stock closes at or above its 60% downside threshold on the related quarterly observation date
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| Price: | $10.00
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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 at par if shares close at or above their initial level on any quarterly determination date
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| Initial level: | $52.89
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| Downside threshold: | $31.734, 60% of initial level
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| Pricing date: | March 23
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| Settlement date: | March 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.5% including a structuring fee of 0.5%
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| Cusip: | 17331D691
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