New York, April 3 – Citigroup Global Markets Holdings Inc. priced $4.27 million of contingent income autocallable securities due March 27, 2026 linked to the common stock of Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.1%, paid quarterly, if the underlying stock closes at or above its 50% downside threshold on the related quarterly observation date.
The securities will be called automatically at par if the stock closes at or above its initial level on any quarterly valuation 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. Morgan Stanley Wealth Management is the 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: | Netflix, Inc.
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| Amount: | $4,265,380
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| Maturity: | March 27, 2026
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| Coupon: | 14.1%, paid quarterly, if the underlying stock closes at or above its 50% downside threshold 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 stock closes at or above its initial level on any quarterly valuation date
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| Initial level: | $328.39
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| Downside threshold: | $164.195, 50% of initial level
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| Pricing date: | March 24
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| Settlement date: | March 29
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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: | 17331D469
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