Chicago, Sept. 21 – Citigroup Global Markets Holdings Inc. priced $1 million of callable contingent coupon equity linked securities due Sept. 19, 2023 linked to the common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.3%, paid quarterly, if the stock closes at or above its 75% coupon barrier on the related valuation date. Previously unpaid coupons will also be paid.
The securities may be called at par on any quarterly review date.
The payout at maturity will be par if the stock ends at or above its 75% final barrier.
Otherwise, investors will receive a number of shares equal to $1,000 divided by the stock’s initial level or, at the issuer’s option, the cash equivalent.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| 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 stock: | Alphabet Inc.
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| Amount: | $1,000,000
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| Maturity: | Sept. 19, 2023
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| Coupon: | 14.3% per year, paid quarterly if the stock closes at or above its 75% coupon barrier on the related valuation date; previously unpaid coupons will also be paid
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier, par; otherwise, receive 9.52381 shares per security or, at the issuer’s option, the cash value
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| Call option: | At par on any quarterly review date
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| Initial level: | $105.00
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| Coupon barrier: | $78.75, 75% of initial level
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| Final barrier: | $78.75, 75% of initial level
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| Pricing date: | Sept. 14
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| Settlement date: | Sept. 19
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17330KDT4
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