Chicago, June 21 – Citigroup Global Markets Holdings Inc. priced $811,000 of callable contingent coupon equity linked securities due Dec. 5, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.8% paid monthly if the index closes at or above its 85% coupon barrier on the related valuation date.
The securities may be called at par starting Aug. 31 and on any subsequent quarterly review date.
The payout at maturity will be par if the index ends at or above its 68% final barrier. Otherwise, investors will lose 1% for every 1% that the index declines.
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
|
| Underlying index: | Russell 2000 index
|
| Amount: | $811,000
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| Maturity: | Dec. 5, 2024
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| Coupon: | 11.8% annual rate, paid monthly if the index closes at or above its 85% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above final barrier par; 1% loss for every 1% that index declines if it ends below final barrier
|
| Call: | At par starting Aug. 31 and on any subsequent quarterly review date
|
| Initial level: | 1,749.650
|
| Coupon barrier: | 1,487.203, 85% of initial level
|
| Final barrier: | 1,189.762, 68% of initial level
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.65%
|
| Cusip: | 17291R2H4
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