By Wendy Van Sickle
Columbus, Ohio, Sept. 28 – Citigroup Global Markets Holdings Inc. priced $4.83 million of autocallable contingent coupon equity-linked securities due Sept. 28, 2023 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Each quarter, the notes will pay a contingent coupon at an annual rate of 9.5% if the index closes at or above the coupon barrier value, 80% of the initial price, on the related quarterly observation date.
The notes will be called at par plus the contingent coupon if the at or above the initial level on any quarterly call observation date after six months.
The payout at maturity will be par plus the contingent coupon unless the index finishes below the 80% barrier value, in which case investors will be fully exposed to the index decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $4,825,000
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| Maturity: | Sept. 25, 2023
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| Coupon: | 9.5% per year, payable each quarter that index closes at or above coupon barrier on related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to final barrier value, par plus contingent coupon; otherwise, full exposure to losses
|
| Call: | At par plus contingent coupon if index closes at or above initial index level on any quarterly valuation date after six months
|
| Initial index level: | 10,896.47
|
| Coupon barrier: | 8,717.176, 80% of initial index level
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| Final barrier value: | 8,717.176, 80% of initial index level
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| Pricing date: | Sept. 24
|
| Settlement date: | Sept. 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17328WXF0
|
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