Chicago, Dec. 10 – Citigroup Global Markets Holdings Inc. priced $1.62 million of 12.8% autocallable equity-linked securities due April 28, 2022 tied to the stock performance of Peloton Interactive, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Interest is payable monthly.
The notes will be automatically redeemed at par plus the coupon if the stock closes at or above its initial level on any monthly observation date after six months.
The payout at maturity will be par unless the stock finishes below its final barrier value, 51% of its initial value, in which case investors will receive a number of shares equal to $1,000 divided by the stock’s initial share price or the cash equivalent at the issuer’s option.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable equity-linked securities
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| Underlying stock: | Peloton Interactive, Inc.
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| Amount: | $1,621,000
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| Maturity: | April 28, 2022
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| Coupon: | 12.8%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below final barrier value, in which case investors will receive 9.68711 shares per security or the cash equivalent at the issuer’s option
|
| Call: | At par plus interest if the stock closes at or above its initial level on any monthly observation date after six months
|
| Initial values: | $103.23
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| Final barrier values: | $52.647; 51% of initial values
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| Pricing date: | March 25
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| Settlement date: | March 30
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.15%
|
| Cusip: | 17328NLS5
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