Chicago, May 19 – Citigroup Global Markets Holdings Inc. priced $8 million of contingent income callable securities due May 15, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.1%, paid quarterly, if the underlying index closes at or above its 75% coupon barrier on the related quarterly observation date, plus any previously unpaid coupons.
The securities may be called at par on any quarterly potential redemption date.
If the index gains or ends above its 75% downside threshold the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the index declines if it finishes below its downside threshold level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a selected dealer and structurer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Contingent income callable securities
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| Underlying index: | S&P 500 index
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| Amount: | $8 million
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| Maturity: | May 15, 2025
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| Coupon: | 8.1% annual rate, paid quarterly, if the underlying index closes at or above its 75% coupon barrier on the related quarterly observation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
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| Call: | At par on any quarterly potential redemption date
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| Initial level: | 4,124.08
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| Downside threshold: | 3,093.06, 75% of initial level
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| Coupon barrier: | 3,093.06, 75% of initial level
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| Pricing date: | May 12
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| Settlement date: | May 17
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| Agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as a selected dealer and structurer
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| Fees: | 2%
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| Cusip: | 17331HQ33
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