Chicago, Feb. 2 – Citigroup Global Markets Holdings Inc. priced $600,000 of autocallable contingent coupon equity-linked securities due Jan. 14, 2027 linked to the worst performing of the common stocks of American Express Co. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13% paid quarterly if the worst performing stock closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically at par starting after six months 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 70% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing stock declines.
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: | American Express Co. and Visa Inc.
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| Amount: | $600,000
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| Maturity: | Jan. 14, 2027
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| Coupon: | 13% annual rate, paid quarterly if the worst performing stock closes at or above its coupon barrier on the related valuation date
|
| 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
|
| Call: | Automatically at par starting after six months 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: | $189.21 for AmEx, $262.54 for Visa
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| Coupon barriers: | $132.447 for AmEx, $183.778 for Visa, 70% of initial levels
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| Final barriers: | $132.447 for AmEx, $183.778 for Visa, 70% of initial levels
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| Strike date: | Jan. 8
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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: | 0.6%
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| Cusip: | 17291TZN1
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