New Issue: Citi sells $1.91 million autocallable contingent coupon equity notes on Stoxx, S&P

By William Gullotti

Buffalo, N.Y., Feb. 7 – Citigroup Global Markets Holdings Inc. priced $1.91 million of autocallable contingent coupon equity-linked securities due Feb. 7, 2025 linked to the worst performing of the S&P 500 index and the Euro Stoxx 50 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 annual rate of 6.5% if each index closes at or above the coupon barrier level, 79% of the initial level, on the valuation date for that period. Previously unpaid coupons, if any, will be automatically included whenever a contingent coupon is paid.

The notes will be automatically called at par plus the coupon if each index closes at or above its initial level, on any quarterly valuation date after six months.

If the notes are not called and each index finishes at or above final barrier level, 79% of its initial level, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable contingent coupon equity-linked securities
Underlying indexes:	Euro Stoxx 50 index, S&P 500 index
Amount:	$1,908,000
Maturity:	Feb. 7, 2025
Coupon:	6.5% annualized rate, payable quarterly if each index closes at or above coupon barrier level, on valuation date for that period; coupon payment events will automatically include any previously unpaid coupons
Price:	Par
Payout at maturity:	Par plus contingent coupon if each index finishes at or above final barrier; otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level
Call:	Automatically at par plus coupon if each index closes at or above initial level on any quarterly valuation date after six months
Initial levels:	4,174.6 for Stoxx, 4,515.55 for S&P
Coupon barrier levels:	3,297.934 for Stoxx, 3,567.285 for S&P; 79% of initial levels
Final barrier levels:	3,297.934 for Stoxx, 3,567.285 for S&P; 79% of initial levels
Pricing date:	Jan. 31
Settlement date:	Feb. 7
Underwriter:	Citigroup Global Markets Inc.
Fees:	2%
Cusip:	17330ADX7

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