By Wendy Van Sickle
Columbus, Ohio, April 7 – Citigroup Global Markets Holdings Inc. priced $1.55 million of callable contingent coupon equity-linked securities due March 26, 2026 linked to the worst performing of the Euro Stoxx Banks index and the Euro Stoxx 50 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 an annual rate of 10% if each index closes at or above the coupon barrier level, 75% of the initial level, on the valuation date for that period.
The notes will be callable at par on any quarterly valuation date.
If the notes are not called and each index finishes at or above final barrier level, 60% of its initial level, the payout at maturity will be par. Otherwise, investors will be exposed to the downside of the worst performer.
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 indexes: | Euro Stoxx Banks index and Euro Stoxx 50 index
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| Amount: | $1,553,000
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| Maturity: | March 26, 2026
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| Coupon: | 10% annualized rate, payable quarterly if each index closes at or above coupon barrier level, on valuation date for that period
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| Price: | Par
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| Payout at maturity: | Par if each index closes at or above final barrier; otherwise, investors will be exposed to the downside of the worst performer
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| Call: | At par on any quarterly valuation date
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| Initial levels: | 86.67 for Stoxx Banks and 3,827.02 for Stoxx 50
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| Coupon barrier levels: | 65.003 for Stoxx Banks and 2,870.265 for Stoxx 50, 75% of initial levels
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| Final barrier levels: | 52.002 for Stoxx Banks and 2,296.212 for Stoxx 50, 60% of initial levels
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| Pricing date: | March 23
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| Settlement date: | March 26
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3.7%
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| Cusip: | 17329FAG9
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