Chicago, May 27 – Citigroup Global Markets Holdings Inc. priced $510,000 of autocallable contingent coupon equity-linked securities due Nov. 8, 2024 linked to the common stock of Eli Lilly and Co., according to a 424B2 filing with the Securities and Exchange Commission.
Every quarter, the notes will pay a contingent coupon at the rate of 7.65% per year if the stock closes at or above its barrier value, 80% of its initial share price, on the valuation date for that period.
The notes will be automatically called at par if the stock closes at or above its initial share price on any quarterly potential autocall date.
If the final share price is greater than or equal to the 80% barrier value, the payout at maturity will be par. Otherwise, investors will be fully exposed to the losses of the stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stock: | Eli Lilly and Co.
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| Amount: | $510,000
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| Maturity: | Nov. 8, 2024
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| Coupon: | 7.65% per year, payable quarterly if Eli Lilly stock closes at or above barrier value on valuation date for that period
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| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than barrier value, in which case full exposure to losses of stock
|
| Call: | Automatically at par if stock closes at or above initial share price on any quarterly potential autocall date
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| Initial share price: | $265
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| Barrier value: | $212, or 80% of initial share price
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| Pricing date: | Nov. 5, 2021
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| Settlement date: | Nov. 10, 2021
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17329UDS7
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