New York, Feb. 27 – Citigroup Global Markets Holdings Inc. priced $14.8 million of callable contingent coupon equity linked securities due Feb. 5, 2026 linked to the SPDR S&P Oil & Gas Exploration & Production ETF and Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15.85% paid monthly if the worst performing ETF closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called starting May 2 at par and on any subsequent monthly review date.
The payout at maturity will be par if the worst performing ETF ends at or above its 70% final barrier. Otherwise investors will lose 1% for every 1% that the worst performing ETF 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: | Callable contingent coupon equity linked securities
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Underlying ETFs: | SPDR S&P Oil & Gas Exploration & Production ETF and Utilities Select Sector SPDR Fund
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Amount: | $14.8 million
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Maturity: | Feb. 5, 2026
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Coupon: | 15.85% paid monthly if the worst performing ETF closes at or above its 70% coupon barrier on the related valuation date
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Price: | Par
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Payout at maturity: | If worst performing ETF finishes at or above final barrier par; 1% loss for every 1% that worst performing ETF declines if it ends below final barrier
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Call: | Starting May 2 at par and on any subsequent monthly review date
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Initial levels: | $130.74 for SPDR S&P Oil & Gas Exploration & Production ETF, $61.49 for Utilities Select Sector SPDR Fund
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Coupon barriers: | $91.518 for SPDR S&P Oil & Gas Exploration & Production ETF, $43.043 for Utilities Select Sector SPDR Fund, 70% of initial levels
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Final barriers: | $91.518 for SPDR S&P Oil & Gas Exploration & Production ETF, $43.043 for Utilities Select Sector SPDR Fund, 70% of initial levels
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Pricing date: | Feb. 2
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Settlement date: | Feb. 7
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.25%
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Cusip: | 17291L6D2
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