By Taylor Fox
New York, Feb. 16 – Citigroup Global Markets Holdings Inc. priced $1.55 million of callable contingent coupon equity-linked securities due Jan. 16, 2031 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, 70% of its initial level, on the related 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, 60% of its initial level, the payout at maturity will be par plus any contingent coupon due.
Otherwise, 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: | $1,545,000
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| Maturity: | Jan. 16, 2031
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| Coupon: | 5% per year, payable quarterly if the index finishes at or above coupon barrier level on related observation date
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above final barrier level, par plus any coupon; otherwise, 1% loss for each 1% decline of the index from its initial level
|
| Call: | At par plus any coupon due at the issuer’s option on any quarterly valuation date after one year
|
| Initial level: | 3,801.19
|
| Coupon barrier level: | 2,660.833, 70% of initial level
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| Final barrier level: | 2,280.714, 60% of initial level
|
| Pricing date: | Jan. 12
|
| Settlement date: | Jan. 15
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.3%
|
| Cusip: | 17328YGX6
|
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