By Wendy Van Sickle
Columbus, Ohio, April 29 – Citigroup Global Markets Holdings Inc. price $19.18 million of contingent income autocallable securities due April 27, 2023 linked to the worst performing of the Financial Select Sector SPDR fund, Energy Select Sector SPDR fund and the Industrial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annualized rate of 10% if each ETF closes at or above its 75% coupon barrier on the related determination date.
The notes will be automatically redeemed at par if each ETF closes at or above its initial value on any quarterly observation date.
The payout at maturity will be par unless any ETF finishes below its 75% threshold level, in which case investors will be fully exposed to the losses of the worst-performing ETF.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management as distributor.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Contingent income autocallable securities
|
| Underlying ETFs: | Financial Select Sector SPDR fund, Energy Select Sector SPDR fund and Industrial Select Sector SPDR fund
|
| Amount: | $19,176,800
|
| Maturity: | April 27, 2023
|
| Coupon: | 10% per year, payable quarterly if each ETF closes at or above its coupon barrier on the related determination date
|
| Price: | Par
|
| Payout at maturity: | Par unless any ETF finishes below its threshold level, in which case investors will be fully exposed to the losses of the-worst performing ETF
|
| Call: | Automatically redeemed at par if each ETF closes at or above its initial value on any quarterly observation date
|
| Initial levels: | $35.38 for Financial, $47.54 for Energy, $101.56 for Industrial
|
| Coupon barriers: | $26.535 for Financial, $35.655 for Energy, $76.17 for Industrial; 75% of initial levels
|
| Threshold values: | $26.535 for Financial, $35.655 for Energy, $76.17 for Industrial; 75% of initial levels
|
| Pricing date: | April 23
|
| Settlement date: | April 28
|
| Selling agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as a distributor
|
| Fees: | 2%
|
| Cusip: | 17329D109
|
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