New York, Dec. 13 – Citigroup Global Markets Holdings Inc. priced $7.57 million of contingent income autocallable securities due Dec. 5, 2024 linked to the common stock of Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.2%, paid quarterly, if the underlying stock closes at or above its 75% downside threshold on the related quarterly observation date.
The securities 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.
At maturity, the payout will be par unless the stock finishes below its 75% downside threshold level, in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is the dealer.
| 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 stock: | Wells Fargo & Co.
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| Amount: | $7,565,000
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| Maturity: | Dec. 5, 2024
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| Coupon: | 11.2%, paid quarterly, if the underlying stock closes at or above its 75% downside threshold on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the stock
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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: | $45.02
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| Downside threshold: | $33.765, 75% of initial level
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| Pricing date: | Dec. 1
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| Settlement date: | Dec. 6
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| Agent: | Citigroup Global Markets Inc.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 1.75% including a structuring fee of 0.5%
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| Cusip: | 17291T6E3
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