New York, Oct. 17 – Citigroup Global Markets Holdings Inc. priced $43.03 million of contingent income autocallable securities due Sept. 19, 2025 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 20.75%, paid quarterly, if the underlying stock closes at or above its 50% coupon barrier on the related quarterly observation date.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly determination date.
At maturity, the payout will be par unless the stock finishes below its 50% downside threshold level, in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Tesla, Inc.
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| Amount: | $43,031,420
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| Maturity: | Sept. 19, 2025
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| Coupon: | 20.75%, paid quarterly, if the underlying stock closes at or above its coupon barrier on the related quarterly observation date
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| Price: | Par of $10
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| Payout at maturity: | Par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly determination date
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| Initial level: | $303.35
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| Downside threshold: | $151.675, 50% of initial level
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| Coupon barrier: | $151.675, 50% of initial level
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| Pricing date: | Sept. 16
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| Settlement date: | Sept. 21
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| Agent: | Citigroup Global Markets Inc.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25% including a structuring fee of 0.5%
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| Cusip: | 17330U298
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