New York, Sept. 13 – Citigroup Global Markets Holdings Inc. priced $1.67 million of autocallable phoenix securities due Sept. 11, 2025 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a coupon of 9.85%, paid quarterly, if the stock closes at or above its 80% coupon barrier on the related valuation date, plus any previously unpaid coupons.
They will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date.
The payout at maturity will be par if the stock finishes at or above its 80% final barrier. If the stock ends below the final barrier, investors will lose 1% for every 1% decline from initial level.
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: | Autocallable phoenix securities
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| Underlying stock: | Apple Inc.
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| Amount: | $1,668,000
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| Maturity: | Sept. 11, 2025
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| Coupon: | 9.85%, paid quarterly, if the stock closes at or above its 80% coupon barrier on the related valuation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier, par; otherwise, full exposure to loss
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| Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date
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| Initial level: | $178.18
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| Final barrier: | $142.544, 80% of initial level
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| Coupon barrier: | $142.544, 80% of initial level
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| Pricing date: | Sept. 8
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| Settlement date: | Sept. 13
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17291QNV2
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