By Kiku Steinfeld
Chicago, Jan. 12 – Citigroup Global Markets Holdings Inc. priced $2.05 million of 5% autocallable equity-linked securities due June 23, 2023 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable monthly.
The notes will be automatically called at par if the index closes at or above its initial level on any monthly observation date after three months.
If the notes are not called and the index finishes at or above its 65% barrier level, the payout will be par.
Otherwise, the investors will be exposed to the decline of the index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable equity-linked securities
|
| Underlying index: | S&P 500
|
| Amount: | $2,048,000
|
| Maturity: | June 23, 2023
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| Coupon: | 5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if index finishes at or above its barrier level; otherwise, full exposure to decline
|
| Call: | At par if index closes at or above initial level on any monthly observation date after three months
|
| Initial level: | 4,620.64
|
| Barrier level: | 3,003.416, 65% of initial level
|
| Pricing date: | Dec. 17
|
| Settlement date: | Dec. 22
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.5%
|
| Cusip: | 17329UY70
|
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