Chicago, Feb. 23 – Citigroup Global Markets Holdings Inc. priced $663,000 of autocallable contingent coupon equity-linked securities due July 21, 2025 linked to the VanEck Vectors Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.25% paid quarterly if the ETF closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically starting April 16 if the level of the ETF is greater than or equal to its initial level and on any subsequent quarterly valuation date.
If the ETF finishes at or above its 70% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the ETF 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: | Autocallable contingent coupon equity-linked securities
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| Underlying ETF: | VanEck Vectors Junior Gold Miners ETF
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| Amount: | $663,000
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| Maturity: | July 21, 2025
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| Coupon: | 14.25% annual rate, paid quarterly if the ETF closes at or above its 70% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above final barrier par; 1% loss for every 1% that ETF declines if it ends below final barrier
|
| Call: | Automatically at par starting April 16 if the level of the ETF is greater than or equal to its initial level and on any subsequent quarterly valuation date
|
| Initial level: | $34.66
|
| Coupon barrier: | $24.262, 70% of initial level
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| Final barrier: | $24.262, 70% of initial level
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| Pricing date: | Jan. 16
|
| Settlement date: | Jan. 19
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.225%
|
| Cusip: | 17291TYM4
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