By Wendy Van Sickle
Columbus, Ohio, June 10 – Citigroup Global Markets Holdings Inc. priced $2.39 million of callable contingent coupon equity-linked securities due June 13, 2025 linked to the worst performing of the Energy Select Sector SPDR fund and the SPDR S&P Biotech ETF according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent semiannual coupon at an annual rate of 15.25% if each fund closes at or above the barrier price, 50% of the initial price, on the related valuation date.
The notes may be called at par on any semiannual call valuation date.
If the notes are not called and each fund finishes at or above barrier price, 50% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to any index decline.
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 funds: | Energy Select Sector SPDR fund and SPDR S&P Biotech ETF
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| Amount: | $2.39 million
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| Maturity: | June 13, 2025
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| Coupon: | 15.25% annualized rate, payable semiannually if each fund closes at or above barrier price on related valuation date
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| Price: | Par
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| Payout at maturity: | Par if each fund closes at or above barrier; otherwise, full exposure to loss
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| Call: | At par on any semiannual call valuation date
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| Initial levels: | $89.41 for Energy and $69.18 for S&P
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| Barrier levels: | $44.705 for Energy and $34.59 for S&P, 50% of initial levels
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| Pricing date: | June 6
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| Settlement date: | June 13
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17330PAU3
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