New York, May 12 – Citigroup Global Markets Holdings Inc. priced $1.5 million of callable contingent coupon equity linked securities due May 15, 2025 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8% paid quarterly if the ETF closes at or above its 60% coupon barrier on the related valuation date.
The securities may be called starting Aug. 8 and on any subsequent quarterly review date at par
The payout at maturity will be par if the ETF ends at or above its 60% final barrier. Otherwise investors will lose 1% for every 1% that the ETF 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 ETF: | SPDR S&P 500 ETF Trust
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| Amount: | $1.5 million
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| Maturity: | May 15, 2025
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| Coupon: | 8% paid quarterly if the ETF closes at or above its 60% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above final barrier par; 1% loss for every 1% that ETF declines if it ends below final barrier
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| Call: | Starting Aug. 8 and on any subsequent quarterly review date at par
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| Initial level: | $412.63
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| Coupon barrier: | $247.578, 60% of initial level
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| Final barrier: | $247.578, 60% of initial level
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| Pricing date: | May 8
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| Settlement date: | May 15
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
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| Cusip: | 17331AEU1
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