By Wendy Van Sickle
Columbus, Ohio, Nov. 8 – Citigroup Global Markets Holdings Inc. priced $20 million of 13.55% buffered fixed coupon autocallable yield notes due Nov. 4, 2022 linked to the shares of Tesla Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be automatically called at par if the stock closes at or above the initial share price on any monthly observation date.
The payout at maturity will be par unless the stock finishes below the 70% buffer level, in which case investors will receive 12.8238 Tesla shares.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Buffered fixed-coupon autocallable yield notes
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| Underlying stock: | Tesla Inc.
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| Amount: | $20 million
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| Maturity: | Nov. 4, 2022
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| Coupon: | 13.55% per year, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below buffer level, in which case investors will receive 12.8238 Tesla shares
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| Call: | Automatically at par if stock closes at or above initial share price on any monthly observation date
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| Initial share price: | $1,114.00
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| Buffer level: | $779.800, 70% of initial share price
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| Strike date: | Oct. 29
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| Pricing date: | Nov. 1
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| Settlement date: | Nov. 4
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| Agent: | Citigroup Global Markets Inc.
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| Selected dealer: | Morgan Stanley Wealth Management
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| Fees: | 0.2%
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| Cusip: | 17329T450
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