New Issue: Citigroup prices $1.88 million 12.8% callable contingent coupon notes on indexes

New York, March 7 – Citigroup Global Markets Holdings Inc. priced $1.88 million of callable contingent coupon equity linked securities due Sept. 6, 2024 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive an annualized coupon of 12.8% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.

The securities may be called starting Sept. 5, 2023 and on any subsequent monthly review date.

At maturity the payout will be par if all of the indexes never close below the 65% knock-in level during the life of the notes or the worst performing index ends above its initial level. Otherwise investors will be fully exposed to the decline of the worst performing index.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Callable contingent coupon equity linked securities
Underlying indexes:	Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:	$1,879,000
Maturity:	Sept. 6, 2024
Coupon:	12.8% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date
Price:	Par
Payout at maturity:	Par if all of the indexes never close below the knock-in level during the life of the notes or the worst performing index ends above its initial level, otherwise investors will be fully exposed to the decline in the worst performing index
Call:	Starting Sept. 5, 2023 and on any subsequent monthly review date
Initial levels:	12,044.87 for Nasdaq-100 index, 1,902.659 for Russell 2000 index, 3,981.35 for S&P 500 index
Coupon barriers:	8,431.409 for Nasdaq-100 index, 1,331.861 for Russell 2000 index, 2,786.945 for S&P 500 index, 70% of initial levels
Knock-in levels:	7,829.166 for Nasdaq-100 index, 1,236.728 for Russell 2000 index, 2,587.878 for S&P 500 index, 65% of initial levels
Pricing date:	March 2
Settlement date:	March 7
Agent:	Citigroup Global Markets Inc.
Fees:	0.875%
Cusip:	17331CU88

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.