By Taylor Fox
New York, Nov. 6 – Citigroup Global Markets Holdings Inc. priced $1 million of autocallable contingent coupon equity-linked securities due Nov. 7, 2025 linked to an equally weighted basket of indexes and ETFs, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the S&P 500 index with a 20% weight, the Russell 2000 index with a 20% weight, the Invesco QQQ Trust, series 1 with a 20% weight, the iShares MSCI Emerging Markets ETF with a 20% weight and the iShares MSCI EAFE ETF with a 20% weight.
The notes will pay a semiannual contingent coupon at an annual rate of 6.75% if the basket closes above 80% of its initial value on the related valuation date.
The notes will be automatically called early at par plus the coupon if the value of the basket is above its initial level on any semiannual potential autocall date.
The payout at maturity will be par if the final basket value is above 80% of its initial level.
Otherwise, investors will be fully exposed to the decline of the basket return.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying basket: | S&P 500 index with a 20% weight, the Russell 2000 with a 20% weight, the Invesco QQQ Trust, series 1 with a 20% weight, the iShares MSCI Emerging Markets ETF with a 20% weight and the iShares MSCI EAFE ETF with a 20% weight
|
| Amount: | $1 million
|
| Maturity: | Nov. 7, 2025
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| Coupon: | 6.75% annual rate, payable semiannually if basket closes above 80% of initial value on related valuation date
|
| Price: | Par
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| Payout at maturity: | Par if final basket value is above 80% of initial value; otherwise full exposure to decline of basket value
|
| Call: | Automatically at par plus coupon if basket is above initial level on any semiannual potential autocall dates
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| Initial levels: | $63.82 for EAFE ETF, $45.48 for EM ETF, $274.65 for Invesco, 1,614.295 for Russell and 3,369.16 for S&P
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| Coupon barrier value: | 80% of initial level
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| Final barrier value: | 80% of initial level
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| Pricing date: | Nov. 4
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| Settlement date: | Nov. 9
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17328WR91
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