Chicago, June 3 – Citigroup Global Markets Holdings Inc. priced $618,000 of callable contingent coupon equity-linked securities due Nov. 22, 2024 linked to the performance of the iShares MSCI Brazil ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes pay a contingent quarterly coupon at an annualized rate of 11.6% if the ETF closes at or above its coupon barrier level, 60% of its initial level, on the related observation date.
The notes will be callable in whole, at the option of the issuer, at par plus any coupon due on any quarterly valuation date.
If the notes are not redeemed early, the payout will be par if the ETF finishes at or above 60% of its initial level. Otherwise, investors will be fully exposed to the losses of the fund.
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: | Callable contingent coupon equity-linked securities
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| Underlying fund: | iShares MSCI Brazil ETF
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| Amount: | $618,000
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| Maturity: | Nov. 22, 2024
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| Contingent coupon: | 11.6% per year, payable quarterly if the fund closes at or above coupon barrier on related observation date
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| Price: | Par
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| Payout at maturity: | Par plus coupon if ETF finishes at or above final barrier; otherwise, full exposure to losses of fund
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| Call option: | In whole at par on any quarterly valuation date
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| Initial level: | $29.17
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| Coupon barrier level: | $17.502; 60% of initial level
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| Final barrier level: | $17.502; 60% of initial level
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| Pricing date: | Nov. 19, 2021
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| Settlement date: | Nov. 24, 2021
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.75%
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| Cusip: | 17329UES6
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