Chicago, May 4 – Citigroup Global Markets Holdings Inc. priced $2.53 million of autocallable contingent coupon equity-linked securities due Nov. 1, 2024 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10% paid quarterly if the stock closes at or above its 59% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par starting July 25 if the level of the stock is greater than or equal to its initial level and on any subsequent quarterly valuation date.
If the stock finishes at or above its 59% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the stock declines, payable as shares or cash at the issuer’s option.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stock: | Amazon.com, Inc.
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| Amount: | $2,527,000
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| Maturity: | Nov. 1, 2024
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| Coupon: | 10% annual rate, paid quarterly if the stock closes at or above its 59% coupon barrier on the related valuation date, plus any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier, payable as 9.74944 shares or cash at the issuer’s option
|
| Call: | Automatically at par starting July 25 if the level of the stock is greater than or equal to its initial level and on any subsequent quarterly valuation date
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| Initial level: | $102.57
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| Coupon barrier: | $60.516, 59% of initial level
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| Final barrier: | $60.516, 59% of initial level
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| Pricing date: | April 25
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| Settlement date: | May 2
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17331AGB1
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