Chicago, Sept. 27 – Citigroup Global Markets Holdings Inc. priced $250,000 of callable contingent coupon equity linked securities due Feb. 7, 2025 linked to the common stock of AT&T Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.7% paid quarterly if the stock closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called at par starting May 4 and on any subsequent quarterly review date at the option of the issuer.
The payout at maturity will be par if the stock ends at or above its 70% final barrier. Otherwise, investors will lose 1% for every 1% that the stock declines.
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: | AT&T Inc.
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| Amount: | $250,000
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| Maturity: | Feb. 7, 2025
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| Coupon: | 6.7% annual rate, paid quarterly if the stock closes at or above its 70% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier
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| Call: | At par starting May 4 and on any subsequent quarterly review date at option of issuer
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| Initial level: | $24.08
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| Coupon barrier: | $16.856, 70% of initial level
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| Final barrier: | $16.856, 70% of initial level
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| Pricing date: | Feb. 4
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| Settlement date: | Feb. 9
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.5%
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| Cusip: | 17330ACF7
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