By Kiku Steinfeld
Chicago, Nov. 7 – Citigroup Global Markets Holdings Inc. priced $600,000 of autocallable contingent coupon equity linked securities due March 12, 2025 linked to the common stocks of JPMorgan Chase & Co. and Home Depot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15.6% paid quarterly if the worst performing stock closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically starting June 7 at par and on any subsequent quarterly valuation date if each stock closes at or above 90% of its initial level.
If the worst performing stock finishes at or above its 70% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing 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: | Autocallable contingent coupon equity linked securities
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Underlying stocks: | JPMorgan Chase & Co. and Home Depot, Inc.
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Amount: | $600,000
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Maturity: | March 12, 2025
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Coupon: | 15.6% paid quarterly if the worst performing 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 worst performing stock finishes at or above final barrier par; 1% loss for every 1% that worst performing stock declines if it ends below final barrier
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Call: | Automatically starting June 7 at par and on any subsequent quarterly valuation date if each stock closes at or above 90% of its initial level
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Initial levels: | $129.21 for JPMorgan, $322.77 for Home Depot
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Coupon barriers: | $90.447 for JPMorgan, $225.939 for Home Depot, 70% of initial levels
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Final barriers: | $90.447 for JPMorgan, $225.939 for Home Depot, 70% of initial levels
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Pricing date: | March 7
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Settlement date: | March 10
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2%
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Cusip: | 17330ATF9
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