By William Gullotti
Buffalo, N.Y., Aug. 12 – Citigroup Global Markets Holdings Inc. priced $2.29 million of autocallable variable coupon market-linked notes due July 29, 2027 tied to the stock performance of Amazon.com, Inc., Apple Inc. and Alphabet Inc., according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a monthly coupon at a variable rate.
If each stock closes at or above its 75% coupon barrier on the corresponding review date, the payable coupon will be the equivalent of approximately 5.5% per year. If any stock closes below its coupon barrier, the equivalent annual rate will be 0.1%.
If each stock closes at or above its initial level on any monthly valuation date after one year, the notes will be automatically called at par plus the coupon.
The payout at maturity will be par plus the relevant coupon.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Issue: | Autocallable variable coupon market-linked notes
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| Guarantor: | Citigroup Inc.
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| Underlying stocks: | Amazon.com, Inc., Apple Inc., Alphabet Inc.
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| Amount: | $2,285,000
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| Maturity: | July 29, 2027
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| Coupon: | Variable, payable monthly; if each stock closes at or above its coupon barrier on the corresponding review date, the coupon will be equivalent to 5.5% per year; if any stock closes below its coupon barrier, the coupon will be 0.1%
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| Price: | Par
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| Payout at maturity: | Par plus the relevant coupon
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| Call: | Automatically at par plus coupon if each stock closes at or above its initial level on any monthly valuation date after one year
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| Initial levels: | $114.81 for Amazon, $151.60 for Apple, $105.02 for Alphabet
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| Coupon barriers: | $86.108 for Amazon, $113.70 for Apple, $78.765 for Alphabet; 75% of initial level
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| Pricing date: | July 26
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| Settlement date: | July 29
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.75%
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| Cusip: | 17330PF20
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