By Sarah Lizee
Olympia, Wash., Sept. 18 – Citigroup Global Markets Holdings Inc. priced $250,000 of autocallable contingent coupon equity-linked securities due Sept. 18, 2025 linked to the least performing of the SPDR Gold Trust and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at the rate of 7% per year plus any previously unpaid contingent coupons if the least-performing ETF closes at or above its coupon barrier value, 60% of its initial share price, on the valuation date for that quarter.
The notes will be automatically called at par if the least-performing ETF closes at or above its initial price on any quarterly valuation date.
The payout at maturity will be par unless the least-performing ETF finishes below its final barrier value, 60% of its initial share price, in which case investors will be fully exposed to the decline of the lesser-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.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying ETFs: | SPDR Gold Trust and VanEck Vectors Gold Miners ETF
|
| Amount: | $250,000
|
| Maturity: | Sept. 18, 2025
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| Coupon: | 7% per year, payable quarterly plus any previously unpaid contingent coupons if least-performing ETF closes at or above coupon barrier value on valuation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless least-performing ETF finishes below final barrier value, in which full exposure to decline of lesser-performing ETF
|
| Call: | Automatically at par if the least-performing ETF closes at or above its initial price on any quarterly valuation date
|
| Initial share prices: | $183.45 for S&P Gold, $42.79 for VanEck
|
| Coupon barriers: | $110.070 for S&P Gold, $25.674 for VanEck, or 60% of initial share prices
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| Barrier values: | $110.070 for S&P Gold, $25.674 for VanEck, or 60% of initial share prices
|
| Pricing date: | Sept. 15
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| Settlement date: | Sept. 18
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 4%
|
| Cusip: | 17328WG28
|
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