New York, June 6 – Citigroup Global Markets Holdings Inc. priced $10 million of contingent income autocallable securities due June 5, 2024 linked to the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.5%, paid monthly, if the underlying fund closes at or above its 87% downside threshold on the related monthly observation date, plus any previously unpaid coupon.
The securities will be called automatically on any date if the fund closes at or above its initial level.
At maturity the payout will be par unless the ETF closes below its 87% downside threshold level in which case investors will be fully exposed to the decline of the ETF.
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: | Contingent income autocallable securities
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| Underlying ETF: | Invesco S&P 500 Equal Weight ETF
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| Amount: | $10 million
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| Maturity: | June 5, 2024
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| Coupon: | 13.5%, paid monthly, if the underlying fund closes at or above its 87% downside threshold on the related monthly observation date, plus any previously unpaid coupon
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| Price: | Par
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| Payout at maturity: | Par unless the ETF closes below its downside threshold level in which case investors will be fully exposed to the decline in the ETF
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| Call: | Automatically on any determination date if fund closes at or above initial level
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| Initial level: | $140.01
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| Downside threshold: | $121.809, 87% of initial level
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| Pricing date: | May 25
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| Settlement date: | May 31
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.1% including a structuring fee of 0.05%
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| Cusip: | 17291R4M1
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