By Wendy Van Sickle
Columbus, Ohio, Sept. 16 – Citigroup Global Markets Holdings Inc. priced $775,000 of autocallable contingent coupon equity-linked securities due June 30, 2028 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 contingent quarterly coupon at an annualized rate of 5% if the 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 automatically called at par plus the contingent coupon if the index closes at or above the initial level on any quarterly valuation date.
If the notes are not called, the payout at maturity will be par unless the index finishes below itsr 60% barrier level, in which case investors will be fully exposed to the loss.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying index: | S&P 500 index
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| Amount: | $775,000
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| Maturity: | June 30, 2028
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| Coupon: | 5% per year, payable quarterly if closing level of the index is greater than or equal to barrier level on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless index finishes below barrier level, in which case full exposure to loss
|
| Call: | At par plus contingent coupon if closing level is greater than or equal to initial level on any quarterly valuation date
|
| Initial level: | 4,290.61
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| Coupon barrier: | 3,217.958, 75% of initial level
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| Barrier level: | 2,574.366, 60% of initial level
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| Pricing date: | June 28
|
| Settlement date: | June 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.65%
|
| Cusip: | 17329FWP5
|
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