New York, April 12 – Citigroup Global Markets Holdings Inc. priced $2.2 million of callable contingent coupon equity linked securities due Dec. 12, 2023 linked to the common stock of ServiceNow, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent quarterly coupon of 15% per year, or 11.25% for the term, if the stock closes at or above its 62.8% coupon barrier on the related valuation date.
The securities may be called at par on any quarterly determination date.
The payout at maturity will be par if the stock ends at or above its 62.8% final barrier. Otherwise, investors will lose 1% for every 1% that the 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: | Callable contingent coupon equity linked securities
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| Underlying stock: | ServiceNow, Inc.
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| Amount: | $2.2 million
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| Maturity: | Dec. 12, 2023
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| Coupon: | 15% per year, or 11.25% for the term, paid quarterly if the stock closes at or above its 62.8% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier, par; otherwise, 1% loss for every 1% that stock declines from initial level
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| Call option: | At par on any quarterly determination date
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| Initial level: | $473.13
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| Coupon barrier: | $297.126, 62.8% of initial level
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| Final barrier: | $297.126, 62.8% of initial level
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| Pricing date: | April 6
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| Settlement date: | April 12
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17331H5S1
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