New York, July 17 – Citigroup Global Markets Holdings Inc. priced $1.06 million of autocallable contingent coupon equity linked securities due July 3, 2025 linked to the common stock of Uber Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.6%, paid quarterly, if the stock closes at or above its 60% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the closing level of the stock is greater than or equal to its initial level on any quarterly valuation date starting Jan. 2, 2024.
If the stock 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 stock 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 stock: | Uber Technologies, Inc.
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Amount: | $1,057,000
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Maturity: | July 3, 2025
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Coupon: | 13.6%, paid quarterly if the stock closes at or above its 60% coupon barrier on the related valuation date, plus any previously unpaid coupons
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Price: | Par
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Payout at maturity: | If stock finishes at or above final barrier, par; otherwise, 1% loss for every 1% that stock declines from initial level
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Call: | Automatically at par if the closing level of the stock is greater than or equal to its initial level on any quarterly valuation date starting Jan. 2, 2024
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Initial level: | $43.17
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Coupon barrier: | $25.902, 60% of initial level
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Final barrier: | $25.902, 60% of initial level
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.75%
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Cusip: | 17291RQ96
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