By Wendy Van Sickle
Columbus, Ohio, Aug. 19 – Citigroup Global Markets Holdings Inc. priced $1.33 million callable contingent coupon equity-linked securities due Aug. 19, 2025 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a quarterly contingent coupon at an annualized rate of 5% if the index closes above 70% of its initial level on a relevant valuation date.
The notes will be callable at par plus the coupon on any quarterly valuation date other than the final one.
If the notes are not called, the payout at maturity will be par plus the coupon if the index finishes above its 60% final barrier value.
Otherwise, investors will be fully exposed the index decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Callable contingent coupon equity-linked securities
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| Underlying index: | Dow Jones industrial average
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| Amount: | $1.33 million
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| Maturity: | Aug. 19, 2025
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| Coupon: | 5% annual rate, payable quarterly if index finishes above coupon barrier on relevant valuation date
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| Price: | Par
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| Payout at maturity: | Par plus coupon if index finishes above final barrier value, otherwise full exposure to losses of index
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| Call option: | At par plus coupon on any quarterly valuation date other than final one
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| Initial level: | 27,931.02
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| Coupon barrier: | 19,551.714, 70% of initial level
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| Final barrier: | 16,758.612, 60% of initial level
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| Pricing date: | Aug. 14
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| Settlement date: | Aug. 19
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17328WCM8
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