By Wendy Van Sickle
Columbus, Ohio, April 28 – Citigroup Global Markets Holdings Inc. priced $10 million of 8% autocallable equity-linked securities due April 26, 2022 tied to the Invesco QQQ trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable quarterly.
The notes will be automatically redeemed at par plus the coupon if the shares close at or above the initial price on any quarterly observation date.
The payout at maturity will be par if the ETF finishes above its 90% barrier level.
Otherwise, investors will lose 1.1111% for each 1% loss beyond 10%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable equity-linked securities
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| Underlying ETF: | Invesco QQQ trust, series 1
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| Amount: | $10 milion
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| Maturity: | April 26, 2022
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| Coupon: | 8%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par if ETF closes above final barrier level; otherwise, 1.1111% loss for each 1% decline beyond 10%
|
| Call: | At par plus the coupon if shares close at or above the initial price any quarterly observation date
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| Initial price: | $336.41
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| Final barrier level: | $302.769, 90% of initial price
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| Pricing date: | April 22
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| Settlement date: | April 27
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.25%
|
| Cusip: | 17329FES9
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