Chicago, June 22 – Citigroup Global Markets Holdings Inc. priced $6.78 million of contingent income callable securities due June 5, 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 10.65%, paid quarterly, if the underlying index closes at or above its 85% coupon barrier on the related quarterly observation date.
The securities may be called at par on any quarterly potential redemption date.
If the index gains or ends above its 85% 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 was paid a structuring fee.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| 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: | $6,781,000
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| Maturity: | June 5, 2025
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| Coupon: | 10.65% annual rate, paid quarterly, if the underlying index closes at or above its 85% coupon barrier on the related quarterly observation date
|
| 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
|
| Call: | At par on any quarterly potential redemption date
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| Initial level: | 4,179.83
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| Downside threshold: | 3,552.856, 85% of initial level
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| Coupon barrier: | 3,552.856, 85% of initial level
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| Pricing date: | May 31
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| Settlement date: | June 5
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| Agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as selected dealer
|
| Fees: | 2%
|
| Cusip: | 17331HXC5
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