New York, Dec. 12 – Citigroup Global Markets Holdings Inc. priced $3 million of contingent income autocallable securities due Oct. 22, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.8%, paid quarterly, if the underlying index closes at or above its downside threshold level on the related quarterly observation date.
The securities will be called automatically at par if the index closes at or above its initial level on any determination date after six months.
At maturity the payout will be par unless the index closes below its 60% downside threshold level in which case investors will be fully exposed to the decline of the index.
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: | Contingent income autocallable securities
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| Underlying index: | S&P 500 index
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| Amount: | $3 million
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| Maturity: | Oct. 22, 2024
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| Coupon: | 7.8%, paid quarterly, if the underlying index closes at or above its downside threshold level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the index closes below its downside threshold level in which case investors will be fully exposed to the decline in the index
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| Call: | Automatically at par if index closes at or above initial level on any determination date after six months
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| Initial level: | 3,577.03
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| Downside threshold: | 2,146.218, 60% of initial level
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| Strike date: | Oct. 12
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| Pricing date: | Oct. 17
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| Settlement date: | Oct. 20
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.25% including a structuring fee of 0.5%
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| Cusip: | 17330YB58
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