By Taylor Fox
New York, Nov. 10 – Citigroup Global Markets Holdings Inc. priced $3.27 million of callable contingent coupon equity-linked securities due Oct. 16, 2030 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly coupon at annual rate of 5% if the index closes at or above its coupon barrier, 60% of its initial level, on the observation date for that period.
The notes will be callable at par plus any coupon due on any quarterly call valuation date.
The payout at maturity will be par plus the final coupon unless the index finishes below its 60% barrier, in which case investors will lose 1% for each 1% decline of the index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Callable contingent coupon equity-linked securities
|
| Underlying index: | S&P 500
|
| Amount: | $3,273,000
|
| Maturity: | Oct. 16, 2030
|
| Coupon: | 5%, payable quarterly if each index closes at or above coupon barrier on observation date
|
| Price: | Par
|
| Call option: | At par plus any coupon due on any quarterly call valuation date
|
| Payout at maturity: | Par plus coupon if index finishes above barrier levels; otherwise, 1% loss for each 1% decline of index from initial level
|
| Initial level: | 3,488.67
|
| Coupon barrier: | 2,093.202, 60% of initial levels
|
| Barrier value: | 2,093.202, 60% of initial levels
|
| Pricing date: | Oct. 14
|
| Settlement date: | Oct. 16
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17328WZZ4
|
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