By Sarah Lizee
Olympia, Wash., Jan. 24 – Citigroup Global Markets Holdings Inc. priced $611,000 of autocallable contingent coupon equity-linked securities due Jan. 25, 2022 linked to the worse performing of the common stocks of Apple Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10.5% if each stock closes at or above its 60% coupon barrier on the review date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any quarterly review date.
The payout at maturity will be par unless either stock finishes below its 60% barrier level, in which case investors will be fully exposed to any losses of the worse performing stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stocks: | Apple Inc. and Alphabet Inc.
|
| Amount: | $611,000
|
| Maturity: | Jan. 25, 2022
|
| Coupon: | 10.5% annualized, payable quarterly if each stock closes at or above 60% coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless either stock closes below 60% barrier, in which case 1% loss for each 1% decline of worse performing stock
|
| Call option: | At par if each stock closes at or above its initial level on any quarterly review date
|
| Initial levels: | $156.82 for Apple, $1,107.30 for Alphabet
|
| Trigger levels: | $94.092 for Apple, $664.380 for Alphabet, 60% of initial levels
|
| Pricing date: | Jan. 18
|
| Settlement date: | Jan. 24
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17326YJN7
|
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