By Wendy Van Sickle
Columbus, Ohio, Feb. 8 – Citigroup Global Markets Holdings Inc. priced $853,000 of autocallable contingent coupon equity-linked securities due July 27, 2028 linked to the least performing of the SPDR S&P Biotech ETF and VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent monthly coupon at the rate of 10.2% per year if the least-performing ETF closes at or above its coupon barrier value, 80% of its initial share price, on the valuation date for that period.
The notes will be automatically called at par plus the coupon if the least-performing ETF closes at or above its initial price on any quarterly autocall date after a year.
The payout at maturity will be par unless the least-performing ETF finishes below its final barrier value, 80% of its initial share price, in which case investors will be exposed to the decline of the least performing ETF.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying ETFs: | SPDR S&P Biotech ETF and VanEck Vectors Gold Miners ETF
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| Amount: | $853,000
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| Maturity: | July 27, 2028
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| Coupon: | 10.2% per year, payable each month if least-performing ETF closes at or above coupon barrier value on valuation date for that period
|
| Price: | Par
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| Payout at maturity: | Par unless least-performing ETF finishes below final barrier value, in which case investors will be exposed to the decline of the least performing ETF
|
| Call: | Automatically at par if least-performing ETF closes at or above initial share price on any quarterly valuation date after one year
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| Initial share prices: | $152.56 for Biotech and $35.23 for VanEck Vectors Gold Miners
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| Coupon barriers: | $122.048 for Biotech and $28.184 for VanEck Vectors Gold Miners; 80% of initial share prices
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| Final barriers: | $122.048 for Biotech and $28.184 for VanEck Vectors Gold Miners; 80% of initial share prices
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| Pricing date: | Jan. 22
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| Settlement date: | Jan. 27
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 4%
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| Cusip: | 17328YP57
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