New York, May 19 – Citigroup Global Markets Holdings Inc. priced $2 million of callable contingent coupon equity linked securities due May 23, 2025 linked to the common stock of Shopify Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 22.25% paid quarterly if the stock closes at or above its 50% coupon barrier on the related valuation date.
The securities may be called starting Aug. 16 and on any subsequent quarterly review date.
The payout at maturity will be par if the stock ends at or above its 50% 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: | Shopify Inc.
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| Amount: | $2 million
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| Maturity: | May 23, 2025
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| Coupon: | 22.25% paid quarterly if the stock closes at or above its 50% 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; 1% loss for every 1% that stock declines if it ends below final barrier
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| Call: | Starting Aug. 16 and on any subsequent quarterly review date
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| Initial level: | $61.58
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| Coupon barrier: | $30.79, 50% of initial level
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| Final barrier: | $30.79, 50% of initial level
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| Pricing date: | May 16
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| Settlement date: | May 23
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.3%
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| Cusip: | 17331AHV6
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