Chicago, Feb. 2 – Citigroup Global Markets Holdings Inc. priced $7.69 million of autocallable contingent coupon equity-linked securities due July 14, 2025 linked to the worst performing of the common stocks of Amazon.com, Inc. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10% paid quarterly if the worst performing stock closes at or above its 56.5% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par starting April 9 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent quarterly valuation date.
If the worst performing stock finishes at or above its 56.5% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing stock declines, payable in cash or shares at the issuer’s option.
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 contingent coupon equity-linked securities
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| Underlying stocks: | Amazon.com, Inc. and Apple Inc.
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| Amount: | $7,692,000
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| Maturity: | July 14, 2025
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| Coupon: | 10% annual rate, paid quarterly if the worst performing stock closes at or above its 56.5% coupon barrier on the related valuation date, plus any previously unpaid coupons
|
| Price: | Par
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| Payout at maturity: | If worst performing stock finishes at or above final barrier par; 1% loss for every 1% that worst performing stock declines if it ends below final barrier, payable in cash or shares at issuer’s option
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| Call: | Automatically at par starting April 9 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent quarterly valuation date
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| Initial levels: | $151.37 for Amazon, $185.14 for Apple
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| Coupon barriers: | $85.524 for Amazon, $104.604 for Apple, 56.5% of initial levels
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| Final barriers: | $85.524 for Amazon, $104.604 for Apple, 56.5% of initial levels
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| Equity ratios: | 6.60633 for Amazon, 5.40132 for Apple
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| Pricing date: | Jan. 9
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| Settlement date: | Jan. 12
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17331ARQ6
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