Chicago, April 4 – Citigroup Global Markets Holdings Inc. priced $1 million of autocallable contingent coupon market-linked securities due Jan. 22, 2029 linked to the worst performing of the Energy Select Sector SPDR Fund, SPDR S&P Biotech ETF and SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8% paid monthly if the worst performing ETF closes at or above its 75% coupon barrier on the related valuation date.
The securities will be called automatically at par starting after one year if the price of the worst performing ETF is greater than or equal to its initial price and on any subsequent quarterly valuation date.
At maturity, investors will receive par plus any coupon due.
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 ETFs: | Energy Select Sector SPDR Fund, SPDR S&P Biotech ETF and SPDR S&P Regional Banking ETF
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Amount: | $1,000,000
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Maturity: | Jan. 22, 2029
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Coupon: | 8% annual rate, paid monthly if the worst performing ETF closes at or above its 75% coupon barrier on the related valuation date
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Price: | Par
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Payout at maturity: | Par plus any coupon due
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Call: | Automatically at par starting after one year if the price of the worst performing ETF is greater than or equal to its initial price and on any subsequent quarterly valuation date
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Initial levels: | $80.04 for energy, $88.34 for biotech, $49.33 for banking
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Coupon barriers: | $60.03 for energy, $66.255 for biotech, $36.998 for banking; 75% of initial levels
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Pricing date: | Jan. 17
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Settlement date: | Jan. 22
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.8%
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Cusip: | 17291TPE2
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