By Wendy Van Sickle
Columbus, Ohio, Jan. 8 – Citigroup Global Markets Holdings Inc. priced $560,000 of callable contingent coupon equity-linked securities due Dec. 27, 2030 linked to 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 quarterly coupon at an annual rate of 5% per year if the index finishes at or above its coupon barrier level, 75% of its initial level, on their quarterly valuation date.
The notes may be called at par plus any coupon due at the issuer’s option on any quarterly valuation date after one year.
If the index finishes at or above its final barrier level, 75% of its initial level, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level, but receive a coupon if the index closes at or above its 65% final barrier level.
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: | S&P 500
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| Amount: | $560,000
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| Maturity: | Dec. 27, 2030
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| Coupon: | 5% per year, payable quarterly if the index finishes at or above coupon barrier level
|
| Price: | Par
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| Payout at maturity: | If the index finishes at or above final barrier level, par plus the coupon; otherwise, 1% loss for each 1% decline of the index from its initial level, plus a coupon if the index closes at or above its final barrier level
|
| Call: | At par plus any coupon due at the issuer’s option on any quarterly valuation date after one year
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| Initial level: | 3,687.26
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| Coupon/final barrier level: | 2,369.19, 65% of initial level
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| Pricing date: | Dec. 22
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| Settlement date: | Dec. 28
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3%
|
| Cusip: | 17328YGU2
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